acquisitions

JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
June 01, 2023  |  Banking

J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported...

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Capital One Acquires Concierge Firm Velocity Black
Capital One Acquires Concierge Firm Velocity Black
June 01, 2023  |  Acquisitions

Capital One has acquired digital concierge company Velocity Black to supplement its offerings of customer experiences. Velocity Black’s platform uses both technology and human experts...

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SVB Securities Sale Attracts Solitary Bidder
SVB Securities Sale Attracts Solitary Bidder
June 01, 2023  |  Acquisitions

Silicon Valley Bank’s former parent has reportedly drummed up little interest in its investment business. “At this time, there is one bid that is currently...

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Report: ByteDance Among Bidders for Wanda Payments Unit
Report: ByteDance Among Bidders for Wanda Payments Unit
May 31, 2023  |  Acquisitions

China’s Dailan Wanda Group is reportedly selling its payments business to boost liquidity. The multinational conglomerate has held discussions about the sale with prospective buyers...

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Priority Plans to Acquire Plastiq, Subject to Bankruptcy Court Approval
Priority Plans to Acquire Plastiq, Subject to Bankruptcy Court Approval
May 24, 2023  |  Acquisitions

Priority Technology Holdings plans to acquire Plastiq, which filed for Chapter 11 bankruptcy protection Wednesday (May 24). Priority has entered into a definitive agreement to...

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Shutterstock to Acquire Giphy From Meta for $53 Million
Shutterstock to Acquire Giphy From Meta for $53 Million
May 23, 2023  |  Acquisitions

Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order...

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Fifth Third Acquires Embedded Payment Platform Rize Money
Fifth Third Acquires Embedded Payment Platform Rize Money
May 22, 2023  |  Acquisitions

Ohio-based bank Fifth Third Bancorp has acquired the embedded payments platform Rize Money. The deal, announced Monday (May 22), is designed to boost Fifth Third’s treasury management business, which it...

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Onfido Acquires Airside Mobile for Shareable Digital Identity Solutions
Onfido Acquires Airside Mobile for Shareable Digital Identity Solutions
May 22, 2023  |  Acquisitions

Onfido has acquired Airside Mobile to deliver shareable digital identity solutions. The acquisition will expand Onfido’s automated identity verification platform to include Airside Mobile’s shareable...

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Report: Auction for Bankrupt Crypto Firm Celsius Network Lasts Weeks
Report: Auction for Bankrupt Crypto Firm Celsius Network Lasts Weeks
May 18, 2023  |  Cryptocurrency

An auction for bankrupt cryptocurrency firm Celsius Network has reportedly drawn two active bidders. Competing groups backed by Apollo Global Management and senior executives at Fortress Investment Group have been submitting bids for...

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