Sections
merger
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AcquiringJust Eat Takeaway.com To Buy Grubhub In $7.3 Billion Deal
Just Eat Takeaway.com agreed on Wednesday (June 10) to buy Grubhub for $7.3 billion in a move that could result in the...
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Partnerships / AcquisitionsDemocrats Want Probe Of Possible Uber-Grubhub Merger
Sen. Amy Klobuchar (D-Min.) wants officials to look into potential antitrust violations involving Uber’s possible acquisition of Grubhub as the two companies remain...
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Partnerships / AcquisitionsUber Sets Grubhub Value At $6B As Takeover Talks Go On
Uber CEO Dara Khosrowshahi and Grubhub Founder and CEO Matt Maloney, who have known each other for years, are discussing the details...
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Partnerships / AcquisitionsUber, Grubhub Combo Would Create Restaurant Delivery Giant
The competition in the food delivery space had already started heating up before the global health pandemic turned the vast majority of...
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IPODraftKings Hopes To Score On April IPO Despite Live Sports Desert
Sports betting site DraftKings is only issuing credits while events are canceled during the pandemic, but that hasn’t stopped it from plans...
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Partnerships / AcquisitionsFoursquare Merges With Location Data Firm Factual, Layoffs Expected
New York-based location intelligence company Foursquare and data location provider Factual are now one company. Tech Crunch reported the companies’ merger on...
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Partnerships / AcquisitionsT-Mobile To Go Ahead With Sprint Deal, Looks To Banks For $23B
T-Mobile, still planning to forge ahead with its merger with Sprint, has told a group of 16 banks to provide it with...
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Partnerships / AcquisitionsSoftBank Shareholders Push For Grab, Gojek Deal In Indonesia
Investors are asking SoftBank to help align Southeast Asia’s ride-hailing unicorns Grab and Gojek, The Financial Times reported, citing sources. In the...
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Partnerships / AcquisitionsGojek, Grab Refute Merger Rumors
Southeast Asia’s ride-hailing giants Gojek and Grab are holding discussions about a possible merger, The Information reported on Tuesday (Feb. 25), citing...
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Partnerships / AcquisitionsIf Antitrust Issue Stops Merger E-Trade Would Get $525M From Morgan Stanley
If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a...
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CommentaryThe Week in Payments: Rewriting Rewards, Buying The Bank And Containing COVID-19
That there was a lot of action and motion in the payments and commerce ocean this week is not much of a...
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Partnerships / AcquisitionsNew York To Let T-Mobile, Sprint Merger Go Forward
The merger of cell phone giants T-Mobile and Sprint won’t face a challenge from New York Attorney General Letitia James, who said...
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RetailT-Mobile Wins Court Decision To Take Over Sprint
In a ruling that goes against a state-led lawsuit that aimed to stop a deal that would reshape the wireless industry, T-Mobile...
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Partnerships / AcquisitionsMerger of eCommerce Search Companies Aims To Address Amazon Pressure Cooker
When you’re competing with Amazon it helps to have strength in numbers. That’s the thinking behind this week’s merger between two eCommerce...
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Partnerships / AcquisitionsWorldline To Purchase Rival Ingenico In $8.6B Deal
Two European payments behemoths — Worldline and Ingenico — are merging in an $8.6 billion deal to create the industry’s fourth-largest company...
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EarningsTruist Branch Conversions Delayed Due To Regulators, Digital Tech
With a “merger of equals” that resulted in the formation of Truist Financial Corporation early last month, the financial services firm reported fourth-quarter results...
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ANTITRUSTAntitrust Regulators Investigate Proposed Dairy Megamerger
Regulators are looking into a possible merger between Dean Foods and Dairy Farmers of America (DFA) and its potential antitrust implications for...
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RetailSprint Benefits From Less Expensive Subscriptions
As it enjoyed the upside of less expensive subscriptions before a merger with bigger U.S. competitor T-Mobile US, Sprint Corp. reported a...
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B2B PaymentsMerger Combines Six T&E, AP Firms To Form Emburse
Six corporate travel expense management and accounts payable (AP) solution providers are combining into a single company to form Emburse, according to...
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Partnerships / AcquisitionsFar Point Acquisition Merges With Global Blue In $2.6B Deal
Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue, earning it...
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Partnerships / AcquisitionsCommerzbank To Increase Stake In FinTech Comdirect
German lender Commerzbank has completed an agreement with activist investor Petrus Advisers to grow its stake in online lending FinTech Comdirect as...
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eCommerceLotte eComm Marketplace To Call It Quits In Vietnam
Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to...
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IPODraftKings To Merge, IPO At A $3.3B Market Value
Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal....
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Partnerships / AcquisitionsU.S. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G
A group of state attorneys are banding together to fight a merger of T-Mobile and Sprint that is backed by the United...
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RetailPeugeot, Fiat Chrysler Arrive At Merger Pact
To make the fourth-biggest carmaker by output in the world, Peugeot owner PSA and Fiat Chrysler have come to a merger pact....
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RetailJAB To Merge Peet’s Coffee, Douwe Egberts In Public Listing
To create a more formidable contender to take on Starbucks and Nestlé, JAB Holdings is bringing together some of the best-known coffee...
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Partnerships / AcquisitionsUber Negotiating With India Rival Zomato To Unload Eats Biz
Uber could invest $100-200 million in competitor Zomato as part of a deal to unload its food delivery arm Uber Eats, Economic...
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Partnerships / AcquisitionsDelta Takes Minority Stake In Private Jet Startup Wheels Up
Delta Airlines has decided to take a different direction when it comes to its private jet business, announcing earlier today that it...
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ANTITRUSTState AGs To Fight T-Mobile-Sprint Merger In Federal Trial
A group of state attorneys general are getting set to fight against the T-Mobile and Sprint merger in an unprecedented federal trial....
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Partnerships / AcquisitionsJust Eat Recommends Declining Prosus Offer In Favor Of Takeaway
British online food and delivery company Just Eat is asking its shareholders to hold off on approving an offer from Prosus, saying...
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RegulationRegulators Green Light BB&T, SunTrust Merger To Form Truist
BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. The merger...
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Partnerships / AcquisitionsSoftBank To Hold 50 Pct. Of Yahoo Japan/LINE JV
SoftBank’s Yahoo! Japan is merging with Naver Corp’s Japanese messaging app LINE in a deal that will give each company a 50...
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AcquiringTakeaway CEO Won’t Outbid Rival Prosus For Just Eat Merger
Takeaway.com’s CEO said his company isn’t ready to outbid its rival on a merger with the UK’s Just Eat. Amsterdam’s Takeaway and...
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Partnerships / AcquisitionsLINE App, Yahoo Japan Plan Merger
Yahoo site operators in Japan and messaging app LINE are looking to merge into a “super app” that would combine retail, finance...
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B2B PaymentsCYBG Officially Renamed As Virgin Money UK
British financial institution CYBG was bought by Virgin over a year ago, and on Thursday (Oct. 31), it was renamed Virgin Money...
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DeliveryJust Eat Rejects $6B Buyout Bid From Prosus
London food delivery service Just Eat turned down a $6.2 billion offer from Amsterdam investment firm Prosus, the Associated Press (AP) reported...
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RetailNaspers Makes £4.9B Bid For Just Eat
With a hostile £4.9bn offer for the United Kingdom’s Just Eat, South African tech conglomerate Naspers has aimed to gate-crash a merger of...
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EarningsSunTrust Beats Revenue Forecast Ahead Of BB&T Merger
SunTrust Banks Inc. reported results on Thursday (Oct. 17) that surpassed revenue expectations but fell in line with analysts’ earnings estimates for the...
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EarningsAhead Of Suntrust Merger, BB&T Sees Strong Loan Growth, Credit Quality
BB&T Corp., ahead of its planned buy of SunTrust banks, posted results that beat expectations and showed a slight decrease in non-performing...
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RegulationPayPal’s iZettle Acquisition Draws Fine From UK Regulator
The Competition and Markets Authority (CMA) in the U.K. has levied a fine against PayPal for breaking rules regarding marketing in the...
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Partnerships / AcquisitionsTSYS, Global Payments Merger Finalized In ‘Landmark Transaction’
Payments companies Global Payments and TSYS (Total System Services) have finalized a merger deal that creates a combined pure play payments technology...
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InternationalIndia’s State Banks To Merge As Economy Slows
India’s Prime Minister Narendra Modi is merging state banks as the country looks for ways to offset a slowdown of the economy,...
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Partnerships / AcquisitionsGOJEK Said To Be Acquiring Moka POS Startup
One of the largest and most valuable tech companies in Indonesia, GOJEK, is said to be about to acquire Moka POS, a...
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Partnerships / AcquisitionsFiserv-First Data Merger Is Complete
The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation....
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DeliveryDutch Takeaway.com Gets $10B For London’s Just Eat Takeover
Amsterdam-based Takeaway.com will merge with London’s Just Eat to create one of the biggest companies in the online food delivery sector. Combined,...
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DeliveryJust Eat, Takeaway.com Rumored To Combine To Take On Uber Eats
Dutch takeout giant Takeaway.com is in talks to buy London’s Just Eat and create a £9 billion ($11.1 billion) online food ordering...
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Partnerships / AcquisitionsDOJ Discloses Terms Of Agreement In Sprint, T-Mobile Merger
The Department of Justice (DOJ) said on Friday (July 26) that it has come to an agreement on the merger between Sprint...
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AppleApple Rumored To Buy Intel’s Chip Business
Apple is reportedly in advanced talks to acquire chipmaker Intel Corp’s smartphone-modem chip business. The deal, valued at $1 billion or more,...
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Partnerships / AcquisitionsRegulators Close To Approving Long-Debated T-Mobile-Sprint Merger
The long-running proposed $26 billion T-Mobile-Sprint merger is close to getting a go-ahead from federal regulators. The U.S. Justice Department’s Antitrust Chief...
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BankingSunTrust Experiences Overall ‘Solid’ Q2 Amid Planned BB&T Merger
SunTrust Banks Inc. reported results Thursday (July 18) that surpassed revenue expectations but fell slightly under earnings estimates for the second quarter....
