GTCR is reportedly in advanced discussions to purchase a majority of FIS’ merchant business. The offer by the Chicago-based private equity group would value the payments processing company’s merchant’s division at $15 billion to $20 billion, Reuters reported Monday (July 3), citing sources familiar with the...
FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth more than $15 billion. It would also mark a reversal of FIS’ previously reported plan to spin off Worldpay, the...
Overstock.com is changing its name. The online home furnishing seller has completed its $21.5 million acquisition of Bed Bath & Beyond’s (BBBY) intellectual property, and with it, taken the failed retailer’s name, according to a Wednesday (June 28) press release. The company plans to relaunch the Bed Bath & Beyond...
Visa plans to acquire Pismo for $1 billion cash to provide more solutions to its customers. The acquisition will also expand the geographic footprint of Pismo, a cloud-native issuer processing and core banking platform that has operations in Latin America, Asia-Pacific and Europe, the companies said in a...
Revenue platform DealHub has acquired usage-based billing firm Subzee. The deal expands DealHub into a “complete quote-to-revenue platform” the company said in a news release Tuesday (June 27). “As the adoption of new pricing schemes, such as usage-based pricing, continue gaining momentum, organizations are struggling...
Thomson Reuters has acquired artificial intelligence (AI)-powered legal startup Casetext for $650 million. The Canadian multinational — whose businesses include news organization Reuters and legal research platform Westlaw — announced the deal late Monday (June 26), saying it would add to its existing AI initiatives....
Databricks is buying generative artificial intelligence (AI) startup MosaicML in a $1.3 billion deal. The acquisition is designed to meet the rapid demand among businesses for their own version of ChatGPT, The Wall Street Journal (WSJ) reported Monday (June 26). Officials for Databricks — a data storage and management firm —...
Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards on each purchase. The $95 million cash deal, which is expected to close in Q3 2023, will enable Robinhood to...
Embedded payments solution provider Fortis has expanded to Canada, added a new feature and acquired SmartPay. The expansion to Canada, which is Fortis’ first market outside the United States, makes all of the company’s solutions available to software platforms and businesses operating in the market, Fortis said in a Thursday...
