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....
The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a row of declining fees amid a downturn in dealmaking and companies going public, the Financial Times (FT) reported Monday (Dec. 25). ...
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working with clients such as private equity firms and alternative asset managers, Reuters reported on Tuesday (Oct. 24). He will facilitate transactions involving...
Goldman Sachs is reportedly expected to announce weak quarterly earnings on Tuesday (Oct. 17) as a result of a slowdown in deal making and its withdrawal from the consumer business. The investment bank’s third-quarter earnings per share (EPS) are estimated to decline by 36% compared...
July 16, 2021
Large marketplaces like Amazon create an amazing first step opportunity for entrepreneurs looking to test out if their business idea works — if they can create any consumer demand for their widget. And many brands do: there are over 15,000 thousand marketplace sellers on Amazon bringing in over $1 million a year. The problem is, […]
May 19, 2020
The pandemic has forced many aspects of everyday life — for consumers, yes, but businesses too — to pause. Last month, the chairman of the U.S. House of Representatives antitrust...
June 06, 2024
Spend management platform Payhawk is reportedly going into acquisition mode. Co-founder and CEO Hristo Borisov told CNBC in an interview published Thursday (June 6) that the company aims to acquire early-stage startups that have already raised significant funds. He also argued his company has a better “product-market fit” than its competition, which the report notes have achieved multibillion-dollar valuations by giving […]
January 07, 2024
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...
December 26, 2023
The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a row of declining fees amid a...
October 24, 2023
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working with clients such as private...
