Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware Court of Chancery, accusing Kroger of breach of contract. The suit came one day after...
Despite Kroger’s third-quarter results taking a slight a dip, digital growth is still making a splash. Kroger’s digital transformation continues to show promising results as digital sales surged by 11%, driven by strong performance in customer fulfillment centers (CFCs) and a boost in delivery sales,...
Walmart has completed its $2.3 billion purchase of smart television maker Vizio. The deal, aimed at bolstering the company’s retail media offerings, closed after a federally required waiting period expired, the retail giant announced Tuesday (Dec. 3). “The acquisition of Vizio and its SmartCast Operating...
Goldman Sachs Chairman David Solomon has reportedly predicted stronger capital raising under the next Trump administration. Solomon also said Tuesday (Nov. 19) that there will be a more robust merger and acquisition (M&A) environment under the new president. “Given where we are at the moment, … you’re starting to...
October 14, 2024
We at PYMNTS have long been covering the trend that, in shorthand, is “embedded everything,” where payments, especially, are being woven inextricably into software and into platforms. The embedded route has the potential to change — and indeed is changing — entire industries. That evolution is impacting even the digital only players, who themselves need […]
April 02, 2024
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up...
October 16, 2023
A decade ago, there were nearly 7,000 credit unions, and that number’s been consolidated to about 4,700. Scott Young, managing VP of Emerging Services at PSCU, told PYMNTS that the...
July 10, 2023
As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be a priority right from the...
December 19, 2024
President-elect Donald Trump spent decades branding himself as a dealmaker. Now, the world’s other dealmakers are hoping his return to the White House will lead to an uptick in “megamergers,” the Financial Times reported Thursday (Dec. 19). The global value of mergers and acquisitions (M&A) is up 11% this year, in contrast to 2022 when […]
December 11, 2024
Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware...
December 03, 2024
Walmart has completed its $2.3 billion purchase of smart television maker Vizio. The deal, aimed at bolstering the company’s retail media offerings, closed after a federally required waiting period expired,...
November 19, 2024
Goldman Sachs Chairman David Solomon has reportedly predicted stronger capital raising under the next Trump administration. Solomon also said Tuesday (Nov. 19) that there will be a more robust merger and acquisition (M&A) environment...
