The Bank of Montreal (BMO) has finalized a $16.3 billion acquisition deal for BNP Paribas’ Bank of the West in an all cash agreement that would drive BMO’s presence into the U.S., according to a press release on Monday (Dec. 20). One of the biggest...
The Latin American eCommerce giant Mercado Libre says it has acquired Redelcom, a Chilean payments service provider. “Mercado Libre seeks to consolidate its value proposition in Chile and enhance the growth of its multiple payment tools and digital financial solutions,” the Argentine company said in...
The Dutch conversational commerce cloud software company CM.com has begun negotiations to acquire the consumer artificial intelligence (AI) firm Building Blocks. CM announced the planned acquisition on its website Tuesday (Dec. 14), saying Building Blocks’ combination of data science software and services allows its customers...
Silicon Valley Bank’s parent company, SVB Financial Group, will acquire technology, media and telecom research firm MoffettNathanson, SVB announced Monday (Dec. 13). The deal will see SVB’s tech investment banking unit merged with the research division of analysts Craig Moffett and Michael Nathanson. The financial...
Lender OakNorth is acquiring intelligent cashflow startup Fluidly for undisclosed terms, according to a press release emailed to PYMNTS on Monday (Dec. 13). The acquisition is subject to regulatory approval. Founded in 2018 in London by Rishi Khosla and Joel Perlman, OakNorth was awarded a...
The ticket reseller Vivid Seats has acquired the sports gaming app Betcha Sports in a deal that could ultimately be worth up to $65 million. The company announced the acquisition Monday (Dec. 13), saying it would pay $25 million in Vivid Seats equity, as well...
The Kraft Heinz Company will acquire 85% of Just Spices GmbH, with the company’s three founders retaining the other 15% of the German-based food company and shifting their focus to international expansion, according to a joint announcement Friday (Dec. 10). Just Spices has annual...
European payments and transaction platform Worldline on Tuesday (Dec. 7) acquired 80% of Eurobank Merchant Acquiring, which has a 20% market share of the Greek acquisition market, according to the joint announcement. “This operation is fully in line with our strategy to further expand our...
The EU’s antitrust authority will take a closer look at Microsoft’s plan to purchase the artificial intelligence (AI) and speech technology company Nuance Communications for $16 billion. As Reuters reported Tuesday (Dec. 7), the European Commission’s competition bureau will ask customers and competitors to fill...
