Goldman Sachs has closed its acquisition of exchange-traded fund (ETF) firm Innovator Capital Management. The $2 billion deal, announced Thursday (April 2), is designed to enhance Goldman Sachs Asset Management’s offerings in what it calls the field of defined outcome ETFs. “With this acquisition, we have taken a...
Bed Bath & Beyond is expanding its retail footprint by acquiring The Container Store. The $150 million deal was announced Thursday (April 2), with the retailer (BBBY) saying that the acquisition brings it more than 100 new locations while letting it work with a company that has “a culture...
Global investment firm Franklin Templeton plans to strengthen its digital asset capabilities by acquiring 250 Digital, a cryptocurrency investment management firm spun off from CoinFund Management. The planned acquisition would include the 250 Digital investment team and the liquid cryptocurrency strategies previously run by CoinFund,...
Airbnb has begun offering a private car service for travelers in Asia, Europe and Latin America. The service, announced Tuesday (March 31), is being offered in collaboration with transportation company Welcome Pickups. It’s part of the Airbnb Services program that the company launched last spring. “Airbnb Services are designed...
Amazon has inked an agreement with Delta to bring faster Wi-Fi to the airline’s flights. The partnership, announced Tuesday (March 31), will see Amazon install its Leo satellite technology on hundreds of Delta Air Lines planes, with an initial launch of 500 aircrafts starting in 2028. The companies said in...
FinTech partnerships with credit unions rose nearly 20% last year, even as similar arrangements with large banks fell sharply, indicating a reallocation of effort toward institutions that can move more quickly and test new models with fewer layers of constraint. What had been a supplemental...
Uber Technologies plans to acquire Blacklane, a company that provides an app and web booking platform that connects guests with independent local chauffeur services in 500 cities across 60 countries. Subject to customary closing conditions, the acquisition is expected to close by the end of...
Uber is teaming with autonomous mobility companies Pony.ai and Verne to launch Europe’s first commercial robotaxi service. The project is slated to get underway soon in the Croatian capital of Zagreb soon, with initial development work already happening, Pony.ai announced Thursday (March 26). “The three...
Amazon has acquired Fauna Robotics, a firm that designs and assembles humanoid robots that can be used around people and are likely to be marketed to consumers. The acquisition was announced in posts on LinkedIn by Fauna Robotics Co-founder and CEO Rob Cochran and Co-founder and Chief Technology...