The Great Recession had a crippling effect on credit markets across the board. Consumers, enterprise-sized businesses and small businesses (SMBs) all found themselves caught in the squeeze of a wide-ranging credit crunch. Get the Full Story Complete the form to unlock this article and enjoy...
Yandex, the largest search engine in Russia, announced news on Wednesday (Aug. 9) that it is has inked a deal to create an eCommerce partnership with Sberbank, the biggest bank in Russia. Get the Full Story Complete the form to unlock this article and enjoy...
Vantiv’s path to purchase British firm Worldpay has gotten one step closer to completion with a formal offer of purchase for $10 billion (8 billion pounds). The potential deal was first announced in early July — but talks were so protracted that the deadline for...
Alibaba, the Chinese eCommerce giant, and Marriott International, the hotel giant, have inked a deal Monday (August 7) to enable Chinese consumers to book hotel stays via Alibaba’s travel website Fliggy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Startup bank Tandem has acquired Harrods Bank, officially achieving its goals of moving into the U.K. banking market. 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 our...
Fiserv — a U.S.-based financial services and technology firm — has upped its offer for Monitise to about $98 million in the hopes of gaining the backing of the U.K.-based firm’s investors. A previous offer of around $91 million was found insufficient from Monitise’s investors, led...
Pi UK Bidco Limited — a newly incorporated company jointly-owned and managed by American multinational private equity firm Blackstone and private investing consulting firm CVC — announced it has reached an all-cash agreement to acquire online payments company Paysafe. Get the Full Story Complete the form to unlock this article...
Global Payments has reached a deal to begin an acquisition of a unit of ACTIVE Network from Vista Equity Partners, paying $1.2 billion in cash and stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As of yesterday (Aug. 3), Yelp has officially announced that it will be selling Eat24 to Grubhub for price of $287.5 million in cash. Yelp also announced this as the beginning of a long-term strategic partnership that will see it integrate online ordering from restaurants...
