Uber’s board reportedly met Saturday (May 23) to discuss increasing its offer for Delivery Hero. That’s according to a report Monday (May 25) from the Financial Times (FT), citing sources familiar with the matter. The report said the meeting came after a major shareholder at...
European food delivery platform Delivery Hero says it has received a takeover offer from Uber. “Uber Technologies reached out with an indicative proposal of €33 per share in respect of a potential takeover offer to all shareholders,” the company said in a news release Saturday...
SoFi has acquired Peach Finance, a lending infrastructure startup specializing in loan servicing software. The acquisition expands SoFi’s enterprise technology capabilities, according to a Thursday (May 21) report by Coverager. Founded in 2018, Peach Finance provides a Software-as-a-Service (SaaS) platform that supports loan servicing, processing, and...
Coupa is expanding its agentic artificial intelligence ambitions with the acquisition of Tonkean, a deal aimed at making procurement and global trade workflows more autonomous from request to payment. The cloud-native spend management company said Wednesday (May 21) that it acquired Tonkean, an AI-native intake...
Expedia is acquiring CarTrawler, an Ireland-based B2B platform for the travel industry. “The CarTrawler acquisition is another huge, exciting step towards our ambition of building the most complete B2B travel platform,” Alfonso Paredes, Expedia’s president for B2B and chief commercial officer, said in a news...
Embedded payments infrastructure company NMI has acquired account-to-account (A2A) payment infrastructure provider Dwolla. The deal, announced Tuesday (May 19) combines NMI’s background payment acceptance, channel distribution, onboarding and merchant life cycle management with Dwolla’s capabilities in account-to-account infrastructure, real-time payments and open banking. “This acquisition...
Global payments and financial services technology provider Fiserv is spinning off its cash-handling operations into a newly formed joint venture with specialist private equity firm Bridgeport Partners. The transaction will specifically encompass Fiserv’s ATM Managed Services, Cash & Logistics and MoneyPass business lines, according to...
Direct-to-consumer (D2C) clothing seller Everlane has reportedly been sold to fast-fashion-focused eCommerce giant Shein. The deal values Everlane at $100 million and was approved Saturday (May 16) by the Everlane board, according to a Sunday (May 17) report by journalist-owned-and-operated news site Puck. Everlane and...
OpenAI is preparing a potential future lawsuit against Apple due to dissatisfaction with the results of the companies’ two-year-old partnership, Bloomberg reported Thursday, citing unnamed sources. The artificial intelligence (AI) startup is also considering other options, such as sending a notice alleging breach of contract, according to the report. OpenAI...