Acquisition/page/2 news and trends

Elon Musk-Led Investor Group Submits Bid to Buy OpenAI Nonprofit

February 10, 2025
Corpay Expands Corporate Payments Business With Acquisition of GPS
Acquisitions // December 02, 2024

Corporate payments company Corpay has completed the acquisition of B2B cross-border solutions provider GPS Capital Markets. The company announced its plans to acquire GPS Capital Markets in June, a month after saying it signed a definitive agreement to acquire accounts payable (AP) automation solutions provider...

Capital One Announces $265 Billion Community Plan as Part of Discover Deal
Acquisitions // July 17, 2024

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately. The bank said this in a press release announcing a...

Congresswoman Waters, Senator Hawley Oppose Capital One-Discover Deal
Credit Cards // February 21, 2024

Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the deal, citing concerns about the concentration of economic power in the hands of megabanks, Reuters...

Entersekt Buys Modirum’s 3DS Solutions to Boost Scale and Authorization Rates
Acquisitions // December 12, 2023

“In the world of payments,” Schalk Nolte, CEO of Entersekt, said to PYMNTS, authentications for internet-based commerce and mobile banking “have not been connected at all.”  A consumer can, with that fragmentation, have a multiyear relationship with a bank, but when it comes time to...

Interviews & Exclusives
Entersekt Buys Modirum’s 3DS Solutions to Boost Scale and Authorization Rates

December 12, 2023
“In the world of payments,” Schalk Nolte, CEO of Entersekt, said to PYMNTS, authentications for internet-based commerce and mobile banking “have not been connected at all.”  A consumer can, with that fragmentation, have a multiyear relationship with a bank, but when it comes time to complete an eCommerce transaction, “They don’t know who you are.  […]

What’s in a Name? Overstock CEO’s $21.5M Bet on the Power of an Iconic Brand...

July 31, 2023
In March 2023, Arthur Stark, the former president of Bed Bath & Beyond (BBBY), discussed the company’s revival of its coupon strategy called the “big blue” approach. The tactic involved sending 20%...

Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold

July 27, 2023
The build vs. buy debate is a perennial one in technology, and in payments.  For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to...

Mastercard’s CipherTrace Deal Brings Trust and Blockchain Forensics to Crypto Space

September 13, 2021
As crypto and digital currencies take shape — where bitcoin, blockchain, CBDCs and stablecoins jostle against one another for pre-eminence — there needs to be the proverbial adult in the...

Quick Reads
Elon Musk-Led Investor Group Submits Bid to Buy OpenAI Nonprofit

February 10, 2025
A group of investors led by Elon Musk reportedly submitted a bid to OpenAI’s board of directors Monday (Feb. 10) to buy the nonprofit that controls the company for $97.4 billion. The unsolicited offer was submitted by Musk’s lawyer, Marc Toberoff, The Wall Street Journal (WSJ) reported Monday. “It’s time for OpenAI to return to […]

Corpay Expands Corporate Payments Business With Acquisition of GPS

December 02, 2024
Corporate payments company Corpay has completed the acquisition of B2B cross-border solutions provider GPS Capital Markets. The company announced its plans to acquire GPS Capital Markets in June, a month...

Capital One Announces $265 Billion Community Plan as Part of Discover Deal

July 17, 2024
Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities...

Congresswoman Waters, Senator Hawley Oppose Capital One-Discover Deal

February 21, 2024
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the...