San Francisco-based Wells Fargo announced on Tuesday (Feb. 23) that it had reached an agreement to sell its asset management business for $2.1 billion to private-equity firms GTCR LLC and Reverence Capital Partners. That Wells Fargo division manages more than $603 billion. The company said...
Klaus Hommels, founder of venture capital firm Lakestar, launched a special purpose acquisition company (SPAC) on Wed. (Feb. 17), Lakestar SPAC I SE, with the goal of buying a tech company in Europe. The Luxembourg-based SPAC will list on the Frankfurt Stock Exchange under the...
Flying taxi developer Joby Aviation is getting some help from the blank-check company helmed by LinkedIn Founder Reid Hoffman, the Financial Times (FT) reported. A merger would value Joby Aviation at $5.7 billion. Tech entrepreneur Mark Pincus, who founded the video game maker Zynga, is...
On Monday (Feb. 8), DoorDash announced its acquisition of automated food preparation company Chowbotics, creator of the salad- and food-bowl-making robot, Sally. In a company statement, DoorDash explained that it plans to offer this technology to its merchants. The acquisition marks another step in the...
Intuit has acquired Australia-based OneSaas to help it integrate third-party eCommerce solutions into its QuickBooks platform. Intuit said that OneSaas’ technology will also allow for deeper data integration into its new QuickBooks Commerce solution, which is aimed at helping small businesses manage omnichannel sales. According...
Uber is acquiring the digital alcohol delivery service Drizly for $1.1 billion in stock and cash, CNBC reported on Tuesday (Feb. 2). Once the deal closes — which is expected to happen sometime this year — Drizly’s platform will be folded into the Uber Eats...
German neobank N26 is looking to make an acquisition in the FinTech space as speculation builds that it is readying an IPO. Privately held N26 is currently valued at around $3.5 billion. The FinTech’s CEO and Co-founder Maximilian Tayenthal told CNBC on Thursday (Jan. 28)...
Canadia’s TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the second quarter of 2021. UPS CEO Carol Tomé said in a press release on Monday (Jan. 25) that the agreement with TFI gives UPS...
NCR inked a $2.5 billion all-cash deal to acquire Cardtronics for $39 per share. “This transaction accelerates the NCR-as-a-Service strategy we laid out at Investor Day in December, further shifts NCR’s revenue mix to software, services and recurring revenue, and adds value for our customers,” Michael D. Hayford,...
