China’s Ant Group is reportedly preparing to purchase Dutch payments firm MultiSafepay. The deal, worth about $200 million, comes as Ant Group — which owns Alipay — is making an ongoing expansion into the Western payments sector, Reuters reported Friday (Jan. 5), citing sources familiar with the matter....
Fresh2 Group, a B2B eCommerce and supply chain management company serving the restaurant and food industry, has acquired Youfood Group, a business-to-customer cross-border eCommerce platform. The company has done so through its subsidiary, Fresh2 Technology, which signed a definitive stock purchase agreement (SPA) for the...
Payment processing solution provider Talus Pay acquired two companies to add FinTech software and integrated B2B capabilities. The two companies acquired by the firm are Jobox.ai, a FinTech company servicing the home services industry, and Clarus Merchant Services, a provider of integrated B2B payment solutions,...
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 optimization solutions, Relex will bolster its own platform with daily production planning, optimization and production scheduling capabilities, the companies said...
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 marketing opportunities and provides Restaurant.com’s customers with a broader range of options when choosing discounted gift cards, the companies said...
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 OpenTransact, Kindcard announced in a Tuesday (Jan. 2) news release. The release noted that KindCard provides alternative “closed-loop” payments solutions...
It was a bleak year for mergers and acquisitions (M&A), the worst in a decade. However, a pair of reports Tuesday (Dec. 26) show that dealmakers expect the M&A climate to warm as economic conditions improve. As Reuters noted, total M&A volumes dropped 18% this...
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 prices. In the Wednesday (Dec. 20) ruling, U.S. District Judge Vince Chhabria in San Francisco faulted the plaintiffs for not...
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 million, is expected to be announced as soon as Friday (Dec. 22), Bloomberg reported Thursday (Dec. 21), citing an unnamed source. Neither...
