Didi Chuxing and Alibaba’s Ant Financial are negotiating a deal for a joint buyout of bike-sharing startup Ofo for $2 billion, according to a new report that cited a source with direct knowledge of the talks. Get the Full Story Complete the form to unlock this article and enjoy...
To help grow innovative companies in the grocery industry, Albertsons Companies has linked up with Greycroft to create an investment fund. The fund, which could be up to $50 million, is part of Albertsons’ strategy to work with emerging grocery technologies, Chain Store Age reported Get the...
It looks like Humana’s partnership with the Walgreens Boots Alliance will not prevent it from expanding its relationship with Walmart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
With companies in the travel industry starting to see payment innovation as a long-term investment instead of a short-term cost, Amadeus IT Group is reportedly in talks to potentially acquire hotel reservation system provider TravelClick. TravelClick could bring in as much as $3 billion, but...
Western Union announced it has partnered with Albertsons to enable consumer access to international and domestic money transfer and money order services, as well as bill payment services at Albertsons’ locations. Consumers will also have the option to start a money transfer transaction on the...
Visa has announced a strategic global partnership with Sabre that will allow the technology provider for the travel industry to utilize CyberSource, Visa’s payment management platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Starbucks and Alibaba are teaming up on coffee delivery in China. According to Reuters, Starbucks is trying to regain its footing after a sales slump in the country; Starbucks quarterly sales in China declined 2 percent in the period ended on July 1, down from...
Synovus Financial announced on Tuesday (July 24) that it is acquiring FCB Financial Holdings, owner of Florida Community Bank (FCB), Florida’s largest community bank, in a deal valued at $2.9 billion. According to a press release, Synovus said that with the addition of FCB, they...
Third Point, the hedge fund run by Daniel Loeb, has taken a new position in PayPal. According to a report in CNBC, citing a Third Point investor letter, the position was added in the second quarter of this year. Get the Full Story Complete the...
