With a move that will enable greater access to luxury shoppers in the United States, LVMH has reached an arrangement to purchase Tiffany & Co. for $16.2 billion or $135 a share in cash. Shares of LVMH were trading 1.4 percent higher on Monday morning...
In a deal announced Monday (Nov. 25) that values StubHub at approximately $4 billion, eBay Inc. has agreed to sell the ticketing business to Viagogo Entertainment Inc. The marketplace decided to look into selling StubHub after two activist investors encouraged the company to leave businesses...
Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports, be levied on revenues tied to Czech users across advertising, digital marketplaces...
The data show that late payments continue to have significant impact across the UK – and firms are devoting at least one work week a year chasing down monies owed. The impact is especially keen among smaller suppliers. Recent suspensions from the Prompt Payment Code...
Hackers are leveraging increasingly sophisticated attacks against FIs, and have corporate transactions in the crosshairs. Will LaSala, director of security services at OneSpan, tells PYMNTS how signing (and checking the details of) corporate transactions with the aid of encryption can help improve the overall user...
India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant, The New York Times (NYT) reported, citing a source. The deal values Paytm’s parent company, One97 Communications, at $16...
British scientist and World Wide Web (WWW) creator Tim Berners-Lee has designed a strategy to save the internet from corruption and falsehoods, The Guardian reported on Sunday (Nov. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. Consumers, after all, tend to trust their financial institutions (FIs) to safeguard their money – and the...
GoExpedi, an eCommerce, supply chain and analytics startup, has raised $25 million in Series B funding led by Top Tier Capital Partners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
