Mergers and acquisitions (M&A) have sunk to their lowest level in 20 years, with deal-making now worse than during the Great Recession of 2008-09 and the COVID-19 pandemic. Investment bankers and corporations around the world have stopped M&A deals following the President Donald Trump administration’s...
Democratic lawmakers want the Federal Reserve to reconsider its approval of Capital One’s purchase of Discover. In a letter to the central bank Friday (May 2), Rep. Maxine Waters of California and Sen. Elizabeth Warren of Massachusetts argued that the decision to “rubber stamp” the...
Barclays and private equity firm Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity. The partnership brings together Barclays’ client relationships and payments experience in the United Kingdom and Brookfield’s expertise in payments, technology, operational transformation and...
Within the FinTech space, a surge in dealmaking over the past few months is taking shape as macro factors set the stage for mergers, acquisitions and go-private deals. The cost of capital is high, and the uncertainty of consumer demand and the Federal Reserve’s path...
The CEO of Indonesian super app GoTo is reportedly still weighing a merger with rival Grab. Patrick Walujo made those comments to the Financial Times (FT) in an interview published Wednesday (March 12), while also revealing his company’s first annual profit. “I will always be open to anything that...
Payments company Shift4 acquired tax-free shopping provider Global Blue in a deal that represents about $2.5 billion in enterprise value. Pennsylvania-based Shift4 gets access to Global Blue’s tax refund and currency conversion technology, which allows luxury and premium retailers around the world to offer tax-free...
Vacation rental property management companies Casago and Vacasa are becoming one. Casago will acquire all Vacasa’s stock in a $128.6 million deal, MarketWatch reported Monday (Dec. 30). “This transaction combines the strengths of both companies and accelerates progress toward a shared vision: empowered local teams,...
Global mergers and acquisitions (M&A) activity is reportedly expected to slow in the fourth quarter due to uncertainty around the U.S. elections before picking up again in 2025. Companies are putting off large deals until after the elections, when a new administration will be selected...
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up other large firms for tens of billions of dollars. FIS bought Worldpay for a staggering $43 billion. Fiserv bought First Data for more than $22...
