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Takeaway Says Just Eat Takeover Is A Done Deal, Approval Pending

PYMNTS

While the two firms still need the go-ahead from a competition authority before they combine operations, Netherlands-based online food ordering company Takeaway.com made it known that its purchase of Just Eat was a done deal. 10 in its all-stock offer for Just Eat, which came out ahead of a competing Prosus NV cash bid.

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Amazon’s Plan To Enter UK Car Market Causes Problems For Britain’s Auto Sites

PYMNTS

online auto sales market after a current test run in Italy has unnerved shareholders of Britain’s biggest auto dealer websites. The company has been testing the waters with a limited offer of Fiat Chrysler Automobiles NV models in Italy and is now in talks to start sales in the U.K. News of Amazon ’s plan to enter the U.K.

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Mattress Firm Eyes Bankruptcy, Store Closures

PYMNTS

Steinhoff International Holdings NV, which is the parent of Mattress Firm and acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. This was, in part, due to a wave of new manufacturing startups selling mattresses online, including Casper, Helix Sleep , Saatva, Tuft & Needle, Leesa and Purple.

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Retail Pulse: Mattress Firm Mulls Bankruptcy; Walmart Plans Robotic Grocery Pickup

PYMNTS

The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters. Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt.

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

Governor Steve Sisolak (D-NV) has authorized what The Associated Press called a “limited marijuana banking system” for the state, a tourist mecca where recreational cannabis is legal. The aim is to create “an online system where digital currency could be sent and received.” The news is a bit vague so far, but certainly significant.

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