Mexico’s antitrust regulator Cofece has approved the acquisition of grocery delivery platform Cornershop by Uber Technologies, Bloomberg reported on Monday (Dec. 14). Restaurant food delivery has been Uber’s revenue driver for two consecutive quarters as the COVID-19 pandemic has changed the way people shop, learn...
Huntington Bancshares is merging with TCF Financial in a $22 billion deal that will result in the development of one of the top 10 U.S. regional banks. “This merger combines the best of both companies and provides the scale and resources to drive increased long‐term...
Spain’s Banco Santander has closed a deal for insolvent Wirecard’s technology platform in what could be a final chapter in disposition of the scandal-plagued German payment processor’s assets. In a sign of the complexity of the wind-down process — and the potential legal concerns on the...
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as...
After first surfacing in reports about a week ago, the rumors it seems are true. Private equity-backed Inspire Brands will be buying Dunkin’ Donuts and bringing it private for a whopping $11.3 billion. That represents a purchase price of $106.50 a share, a 20 percent...
Epic Games’ groundbreaking antitrust court brawl with Apple Inc. hasn’t stalled the North Carolina-based game maker’s growth. Epic Games, maker of the popular game Fortnite that boasts 2.5 billion fans, announced Friday (Sept. 25) it has purchased SuperAwesome and its Kids Web Services. The London-based...
Paya, the Atlanta-based digital payment processor, has signed an agreement to acquire The Payment Group (TPG). TPG of Texas provides payment solutions to more than 600 utility companies and municipalities. Terms of the deal were not disclosed. The announcement Monday (Sept. 21) follows Paya’s decision to...
Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. in the United Kingdom, the company announced Thursday (Sept. 10). The Newcastle, England-based FinTech has signed an agreement to buy the U.K. subsidiary of Wirecard, the German payments company that collapsed amid scandal. Financial terms...
Verifone, which provides payment and eCommerce products, has acquired 2Checkout. “Both 2Checkout and Verifone share a vision to simplify modern commerce and enable frictionless experiences,” 2Checkout President and Chief Operating Officer Erich Litch said in a blog post. “More than 14 years ago, 2Checkout embarked on a...
