Acquisition

An asset or object bought or obtained, typically by a library or museum.

Source: merriam-webster.com

Last-Mile Delivery Solutions Provider GetSwift Acquired by Stage Fund
Last-Mile Delivery Solutions Provider GetSwift Acquired by Stage Fund
July 18, 2023  |  Acquisitions

Private equity firm Stage Fund, which focuses on special situation investments, has acquired GetSwift and aims to position it for renewed growth. GetSwift offers three...

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Visa to Acquire Core Banking Platform Pismo for $1 Billion
Visa to Acquire Core Banking Platform Pismo for $1 Billion
June 28, 2023  |  Acquisitions

Visa plans to acquire Pismo for $1 billion cash to provide more solutions to its customers. The acquisition will also expand the geographic footprint of Pismo, a cloud-native...

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Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card
Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card
June 22, 2023  |  Acquisitions

Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards...

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Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
June 21, 2023  |  Acquisitions

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college aid platform Frank. The bank and Frank founder Charlie Javice...

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Blueground Doubles Size of Rental Platform With Nestpick Purchase
Blueground Doubles Size of Rental Platform With Nestpick Purchase
May 30, 2023  |  Acquisitions

Furnished rental service Blueground says it has acquired fellow housing platform Nestpick. The move, announced Tuesday (May 30), creates an invite-only network of furnished apartment providers, and more than...

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Report: 15% of First Republic Workforce Being Cut After Acquisition
Report: 15% of First Republic Workforce Being Cut After Acquisition
May 25, 2023  |  Acquisitions

JPMorgan Chase is reportedly cutting about 15% of the workforce from First Republic Bank. The move follows JPMorgan Chase’s May 1 acquisition of the bank that had been struggling for weeks...

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JPMorgan On Track to Deliver $1 Billion in Value Through AI
JPMorgan On Track to Deliver $1 Billion in Value Through AI
May 22, 2023  |  Banking

For J.P. Morgan, and as evidenced at its investor day on Monday (May 22), a few things remain the same. CEO Jamie Dimon will remain at the...

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First Citizens to Woo Startups and Rebuild SVB Business Model
First Citizens to Woo Startups and Rebuild SVB Business Model
April 23, 2023  |  Banking

Silicon Valley Bank’s new owner faces two challenges: improving business while restoring the bank’s reputation. In a Financial Times interview published Sunday (April 23), Peter Bristow — the president of...

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CVC-Network International Deal Reportedly Worth $2.5 Billion
CVC-Network International Deal Reportedly Worth $2.5 Billion
April 16, 2023  |  Acquisitions

CVC Capital Partners is reportedly in advanced talks to purchase Network International for at least £2 billion ($2.5 billion). A report by Bloomberg News on...

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