In a quest to dominate online food shopping in China, Alibaba invested $3.6 billion for a controlling stake in the hypermarket operator Sun Art Retail Group, Alibaba said in a statement on Monday (Oct. 19). Get the Full Story Complete the form to unlock this...
An approximate $2.2 billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19th biggest U.S. bank, with over $100 billion in assets, the companies announced on Friday (Oct. 16). Get the Full Story Complete the form to unlock...
Masayoshi Son, founder of SoftBank, is trying to forge a truce between rivals Grab and Gojek so the two companies can continue negotiating an acquisition, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Stripe is acquiring Paystack, a company that says it processes more than half of online payments in Nigeria. 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...
Shareholders of Just Eat Takeaway.com have approved the company’s acquisition of Grubhub for $6.9 billion, Reuters reported Wednesday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Scandal-bogged Finablr has agreed to a takeover offer from Middle East-based Prism Advance Solutions, according to a report from the Financial Times (FT). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
MoneyGram International, the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart Inc. through March 2024, the Texas-based company announced on Tuesday (Oct. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Alibaba Group Holding Co. continues to capitalize on growth opportunities. The latest: China’s digital economy giant has struck a multimillion-dollar deal to buy as much as a 9.99 percent stake in the Swiss duty-free retailer Dufry, Bloomberg reported on Monday (Oct. 5). Get the Full...
Asda Group Ltd, the British supermarket retailer; TDR Capital, the London-based private equity firm; and EG Group, a global convenience retailer announced on Friday (Oct. 2) that they have agreed to acquire Asda, Walmart Inc.’s U.K. grocery chain, for 6.8 billion pounds ($7.9 billion). Get...
