acquisitions

GM Buys Out SoftBank to Get 80% of Self-Driving Startup Cruise
GM Buys Out SoftBank to Get 80% of Self-Driving Startup Cruise
March 20, 2022  |  Acquisitions

General Motors has bought out SoftBank Vision Fund 1’s stake in Cruise, a self-driving startup, for $2.1 billion, Bloomberg reported Friday (March 18). SoftBank now...

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British Retailer Ted Baker Could Be Purchased by US Investor
British Retailer Ted Baker Could Be Purchased by US Investor
March 18, 2022  |  Retail

Sycamore Partners, the New York private equity firm specializing in retail investments, is considering a cash offer for Ted Baker, the United Kingdom fashion retailer,...

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North American Bancard Acquires B2B Payments Firm PayTrace
North American Bancard Acquires B2B Payments Firm PayTrace
March 18, 2022  |  Acquisitions

B2B payments solution provider PayTrace says it has been acquired by Michigan-based credit card processing firm North American Bancard (NAB). “PayTrace is becoming their preferred gateway...

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Planet Combines With Four Other Companies, Chooses PayPal Veteran Brent Warrington as CEO
Planet Combines With Four Other Companies, Chooses PayPal Veteran Brent Warrington as CEO
March 17, 2022  |  eCommerce

Technology company Planet has combined with Proximis, Datatrans, protel Hotelsoftware and Hoist Group in order boost digital commerce and add cloud software and payment solutions...

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Today in B2B: Policygenius Raises $125M in Investor Funding; Spend Management Platform Torpango Acquires Wildlife
Today in B2B: Policygenius Raises $125M in Investor Funding; Spend Management Platform Torpango Acquires Wildlife
March 17, 2022  |  B2B Payments

Today in B2B payments, PYMNTS research found that B2B payment solutions need an overhaul to meet changing customer needs and demands. Plus, Japanese digital banking...

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Delivery Platform Veho Acquires Logistics Firm QuikReturn
Delivery Platform Veho Acquires Logistics Firm QuikReturn
March 17, 2022  |  Acquisitions

eCommerce delivery firm Veho has acquired QuikReturn, a reverse logistics startup serving eCommerce brands and customers in the New York City area. “The acquisition further...

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Seeking Regulatory Foothold, Binance Crypto Exchange on Hunt for Brazilian Bank
Seeking Regulatory Foothold, Binance Crypto Exchange on Hunt for Brazilian Bank
March 17, 2022  |  Cryptocurrency

Binance, a cryptocurrency exchange with no headquarters, is reportedly planning to buy banks and payments processors in Brazil as a way into the market. CEO...

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Spend Management Firm Torpango Acquires Wishlife
Spend Management Firm Torpango Acquires Wishlife
March 17, 2022  |  Acquisitions

Torpango has acquired video communication and content management software maker Wishlife, the FinTech announced Thursday (March 17). The all-stock deal will see the Wishlife technology...

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Amazon Closes $6.5B MGM Acquisition
Amazon Closes $6.5B MGM Acquisition
March 17, 2022  |  Acquisitions

Amazon has closed on its $6.5 billion acquisition of movie and TV studio MGM, the company announced Thursday (March 17). As The Wall Street Journal...

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