acquisitions

Relex Acquires Optimity to Bolster Retail and Supply Chain Platform
Relex Acquires Optimity to Bolster Retail and Supply Chain Platform
January 03, 2024  |  Acquisitions

Relex Solutions has acquired Optimity to add new capabilities to its retail and supply chain platform. With the acquisition of Optimity’s supply chain planning and...

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Restaurant.com Owner RDE Acquires Gift Card Marketplace CardCash.com
Restaurant.com Owner RDE Acquires Gift Card Marketplace CardCash.com
January 03, 2024  |  Acquisitions

RDE, the owner and operator of digital deals brand Restaurant.com, has closed on its acquisition of secondary gift card marketplace CardCash.com.  This business combination expands RDE’s cross-selling...

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FinTech KindCard Set to Purchase Banking Platform OpenTransact
FinTech KindCard Set to Purchase Banking Platform OpenTransact
January 02, 2024  |  Acquisitions

Payments FinTech KindCard says it plans to purchase banking platform OpenTransact. The company has signed a letter of intent connected to its potential acquisition of...

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Judge Dismisses Lawsuit Against Kroger’s Proposed Acquisition of Albertsons
Judge Dismisses Lawsuit Against Kroger’s Proposed Acquisition of Albertsons
December 22, 2023  |  Acquisitions

A U.S. judge has dismissed a consumer lawsuit that alleged Kroger’s proposed acquisition of grocery chain operator Albertsons would lead to reduced competition and increased...

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This Week in AI: Standard Setting, Voice Interfaces and the Law
This Week in AI: Standard Setting, Voice Interfaces and the Law
December 22, 2023  |  Artificial Intelligence

This year was generative artificial intelligence’s big coming-out party. And this week served as a highlight reel. PYMNTS has covered how the novel technology has...

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Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
Report: Blackstone to Acquire 80% Stake in Sony Payment Services 
December 21, 2023  |  Acquisitions

Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group.  The deal, valued at approximately $280...

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Farfetch, Now Matches: Investors Look for Deals Amid Luxury eCommerce Sites 
Farfetch, Now Matches: Investors Look for Deals Amid Luxury eCommerce Sites 
December 21, 2023  |  eCommerce

Matchesfashion has officially changed hands.   Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity...

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Media Platforms Race to Monetize Influencers’ Followings With Subscriptions
Media Platforms Race to Monetize Influencers’ Followings With Subscriptions
December 19, 2023  |  Subscriptions

As businesses seek more effective ways to monetize the rise of the influencer economy, leading players are pushing options for creators to offer their followers...

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Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?
December 19, 2023  |  Retail

After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation...

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