Math Camp, the company that created location-based app Highlight and photo sharing app Shorts, is being acquired by Pinterest. Pinterest announced the acquisition in a deal for which the terms were not disclosed. The cofounder of Math Camp, as well as most of the staff,...
Over the last several months, Sports Authority has experienced a long, painful and visible death — the likes of which the retail sector would rather not see so often. For the last few weeks, Sports Authority has been going through the process of auctioning off what...
Wirecard is about to enter the U.S. market after the company entered an agreement to buy Citi Prepaid Card Services. The German banking software company announced the deal with Citi Wednesday (June 30), but did not offer up terms of the deal. But according to a...
Merchant acquirers face a conundrum. They must keep acquiring merchants – and yet need to do so with speed and efficiency, but are stymied by an inefficient onboard process. Agreement Express CEO advises merchant acquirers to Pac-Man and rock blast their way to onboarding efficiencies.
When rumors of sales and acquisitions start popping up, it’s usually in a given retailer’s best interest to play their cards close to the chest and avoid spooking investors and markets alike. However, there’s only so long gossip like that can be kept under wraps,...
It looks like the long-speculated-upon sale of Yahoo could actually happen. And possibly at the hands of some rather unexpected buyers: Berkshire Hathaway Chairman Warren Buffett and Quicken Loans Founder (and Cleveland Cavaliers owner) Dan Gilbert. That consortium is one of a few suitors moving...
It’s not often that a merger between two companies engenders such strong reactions from the buying public, but if investors thought the Alaska Airlines purchase of Virgin America was big news, the airborne adherents of Virgin are wringing their hands in anxiety over what might...
TSYS announced on Friday (April 1) that its acquisition of merchant solutions provider TransFirst is complete. The merchant businesses of both companies will be combined under the TSYS brand, thus creating the third-largest integrated payments provider in the U.S. and the sixth-largest merchant acquirer in...
For reasons outside every involved party’s control, the potential purchase of Starwood Hotels & Resorts by a Chinese investment group has become a side issue in the political conversation. However, now that Marriott International has emerged as a likely buyer, the optics — and concerned...
