Santander Group announced on Monday (Feb. 24) that it has signed an agreement to purchase global merchant acquirer Elavon México, a U.S. Bancorp subsidiary, for about $86 million (MXN 1,600 million). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of “buy.” For Morgan Stanley and LendingClub, the respective acquisitions of E-Trade and Radius Bancorp show...
If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup fee, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Intuit is close to finishing a deal to buy personal finance portal Credit Karma for around $7 billion in both cash and stock, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Union’s (EU’s) privacy body has voiced skepticism over the acquisition of Fitbit by Google, saying it could lead to privacy risks, Reuters reported. The deal was announced last November, with Google angling to compete with rivals Apple and Samsung in terms of a...
Digital insurance industry payments platform One Inc. has completed a recapitalization led by private equity firm Great Hill Partners to support continued growth, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. 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...
Bed Bath & Beyond needs cash. 1-800-Flowers needs to find new growth. Today (Feb. 18) they met over a Bed Bath & Beyond property called Personalization Mall, 1-800 paid $252 million and both parties achieved at least a portion of their priorities for 2020. Get...
The merger of cell phone giants T-Mobile and Sprint won’t face a challenge from New York Attorney General Letitia James, who said Sunday (Feb. 16) she won’t be appealing the decision from the federal judge, according to the Wall Street Journal. Get the Full Story...
