USR Parent, the corporate parent of Staples office supply stores, said Friday (June 4) that it has formally offered to pay $1 billion for the businesses operating as Office Depot and Office Max, according to a press release. Get the Full Story Complete the form...
Medline Industries Inc., which calls itself “the nation’s largest privately-held manufacturer and distributor of healthcare supplies with 2020 revenue of $17.5 billion,” says it is selling a majority stake in itself to a cluster of powerhouse private equity firms. Get the Full Story Complete the...
Chinese authorities increasingly are limiting the ways technology companies in the country are allowed to operate, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Kanzhun, which owns Chinese online job recruiting platform Boss Zhipin, has filed to conduct a U.S. initial public offering (IPO) that could raise as much as $912 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A new San Francisco-area asset-based lender called Architect Capital has launched with more than $100 million to lend to mostly technology companies in the U.S. and Latin America, according to a press release. Get the Full Story Complete the form to unlock this article and...
New rules could be on the horizon as Wall Street ponders meme stocks, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Flash back about 15 minutes ago, and non-fungible tokens (NFTs) were the latest craze sweeping the payments industry. Jack Dorsey sold off his first-ever tweet for $2.5 million. Tampa Bay Buccaneers (formerly New England Patriots) tight-end Rob Gronkowski announced plans to sell over 300 NFTs spotlighting...
India’s central bank restated its hesitation when it comes to digital currency on the heels of informing financial institutions that they should set aside a 2018 ban on trading, Bloomberg reported on Friday (June 4). The Reserve Bank of India (RBI) recently told lenders not...
In today’s top payments news around the world, Flink has notched $240 million from a Series A funding round, while Shanghai will reportedly conduct a raffle to give residents the chance to win crypto. Plus, the European Union is introducing plans for a digital identification...
