Bank Innovation

NOVEMBER 25, 2019

— but that will only be realized if the Canadian lender opts to unload its minority stake in the combined entity, according to one analyst. Toronto-Dominion Bank sees “significant value” from Charles Schwab Corp.’s s purchase of TD Ameritrade Holding Corp. Schwab agreed Monday to buy the U.S.

Innovation Strategies 259

Innovation Strategies Marketing Strategy Management 259

PYMNTS

MARCH 4, 2020

China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). The stake amounts to less than 1 percent and was made up of existing and new shares, Reuters reported, citing sources. billion.

Samsung 160

Samsung Groups Capital Fintech 160

PYMNTS

MAY 27, 2020

With home deliveries surging, FedEx may be looking to acquire stake in German delivery firm Hermes , according to the Handelsblatt newspaper, as reported by Reuters. ycki said there could be some risk in acquiring stake in Hermes due to the lack of success in integrating TNT Express into its business practices.

Memphis 215

Memphis Groups Retail Online 215

PYMNTS

OCTOBER 5, 2020

percent stake in the Swiss duty-free retailer Dufry , Bloomberg reported on Monday (Oct. Alibaba Group Holding Co. continues to capitalize on growth opportunities. The latest: China’s digital economy giant has struck a multimillion-dollar deal to buy as much as a 9.99 Advent International Corp.,

Retail 262

Retail Groups Capital Report 262

PYMNTS

AUGUST 18, 2020

Reliance Industries has acquired a major stake in Vitalic Health and subsidiary Netmeds , through the Reliance Retail Ventures Limited arm, CNBC TV-18 reports. The stake includes 60 percent in Vitalic Health and 100 percent direct equity ownership in subsidiaries Tresara Health, Netmeds Market and Dadha Pharma Distribution.

Company 214

Company Retail Report Industry 214

Bank Innovation

FEBRUARY 1, 2018

The Alibaba Group will take a 33% equity stake in Ant Financial, it’s affiliate fintech company that operates popular mobile payments service Alipay, the group announced today.

Fintech 247

Fintech Groups Mobile Operations 247

PYMNTS

AUGUST 4, 2020

Amazon has won a major victory in its push into the booming food delivery business, with the United Kingdom’s top competition watchdog giving a green light to the tech giant’s purchase of a minority stake in Deliveroo. Amazon last year announced a $575 million deal to buy a stake in Deliveroo, only to have the transaction held up by the U.K.

Regulation 130

Regulation Course Marketing Online 130

The Paypers

FEBRUARY 20, 2024

Visa , Checkout.com , and investment platform Stake have partnered to launch a cross-border account funding solution to facilitate real estate investments in the UAE.

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Payments Source

MARCH 9, 2021

David Heun, associate editor of PaymentsSource, talks to Sara Hafner, head of financial partnerships at Forter, about how the growth of online shopping has raised the stakes for fraud prevention.

Fraud 165

Fraud Online Payments 165

PYMNTS

FEBRUARY 16, 2020

Berkshire also owns a small stake in Amazon, which has disrupted the grocery business, and other food-related investments, including Kraft Heinz, Coca-Cola and Mondelez. It also purchased a new stake — 648,447 shares — in the biotech firm Biogen, TheStreet reported.

Apple 153

Apple Report Security Company 153

PYMNTS

OCTOBER 10, 2020

All of this steak talk is likely building up an appetite, but before going in search of a socially distanced steak dinner (they’re out there), we’d stake our reputation on one of the most memorable social media blitzes of the COVID era. There’s a Lot at Steak These Days. It centered, like this story, on steak. Or Steak-Umm , to be precise.

Omaha 254

Omaha social media Analysis Industry 254

Bank Innovation

JANUARY 29, 2018

ING Bank will acquire a majority stake in Amsterdam-based Payvision, a payments processor company that powers more than 80 separate payment methods for clients, the companies announced today. The financial institution will buy 75% of Payvision, as reported by the Financial Times, with the company valued at about $445 million.

Groups 230

Groups Payments Company Report 230

PYMNTS

JANUARY 3, 2020

German lender Commerzbank has completed an agreement with activist investor Petrus Advisers to grow its stake in online lending FinTech Comdirect as it attempts to take over the company and reduce its costs, according to a report by the Financial Times. 2), and an 8 percent stake in Comdirect was worth about €150m.

Fintech 132

Fintech Lending Strategy Online 132

PYMNTS

NOVEMBER 15, 2018

Berkshire Hathaway , the Omaha, Nebraska conglomerate owned by Warren Buffett, spent $4 billion in the third quarter for a stake in JPMorgan Chase, giving it big stakes in three of the four largest U.S. The paper cited a Securities and Exchange Commission filing.

Omaha 152

Omaha Nebraska America New York 152

PYMNTS

DECEMBER 2, 2019

Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to acquire a stake in Future Retail. percent of Future Retail.

Retail 130

Retail Marketing Groups Operations 130

PYMNTS

MARCH 13, 2020

As part of its digital plans to speed up growth by purchasing shares in companies, Banco Santander is buying a majority stake in Mercury TFS.

Software 247

Software User Experience America National 247

PYMNTS

JUNE 4, 2020

The eCommerce company is in the early stages of exploring a deal to take a $2 billion stake in Bharti Airtel , India’s third-largest telecom operator, Reuters reported , citing three sources with knowledge of the talks. Meanwhile, Google is exploring its own Indian telecom play.

Operations 132

Operations Mobile Google Conference 132

PYMNTS

FEBRUARY 16, 2020

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Cooling tech valuations have had a wide impact, as Rakuten’s case shows — the company also had a 103 billion yen write-down of its stake in Lyft during the previous quarter.

social media 169

social media Policies Operations Financial Technology 169

PYMNTS

FEBRUARY 20, 2020

20), The Wall Street Journal reported that Wexner plans to sell a controlling stake in Victoria’s Secret and will step down from his roles as chairman and chief executive of L Brands. According to the news of the sale, Wexner will sell a 55 percent stake in the company to Sycamore Partners for $525 million. But on Thursday (Feb.

Branding 141

Branding Retail National Report 141

PYMNTS

FEBRUARY 17, 2020

Indonesian delivery app Gojek has finalized its $30 million deal for a minority stake in the app-based taxicab startup Blue Bird , Bloomberg reported on Monday (Feb. percent stake in Blue Bird from its holding company, PT Pusaka Citra Djokosoetono , said sources. Gojek bought a 4.3 percent from Friday.

Regional 130

Regional Examples Operations Company 130

PYMNTS

JUNE 5, 2020

The Menlo Park, California-based private equity firm said Friday (June 5) it will buy an additional stake worth $600 million in the Indian telecom operator, TechCrunch reported. This new infusion of cash increases its stake in the Indian firm to 2.08 percent, up from 1.15 percent, according to the report.

California 141

California Report Management Groups 141

PYMNTS

DECEMBER 2, 2020

China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. That would make Ant’s stake in the Indian firm worth about $4.8 Like Alipay, Paytm is a digital payments platform.

Groups 179

Groups Report Regulation Fintech 179

PYMNTS

JULY 5, 2020

percent stake in the company, becoming the 11th financial services company to invest in the digital services business of Reliance Industries Ltd. UEA’s stake is nearly 2 percent of the company, which is valued at $65 billion. Intel Capital Corp. The investment division of Intel plans to invest $253 million for a 0.39 RIL) in 90 days.

Capital 174

Capital Mobile Operations Technology 174

PYMNTS

NOVEMBER 19, 2020

Dutch retailer Ahold Delhaize — owner of grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect amid an online shopping surge propelled by COVID-19. “We No financial terms were made public.

Retail 153

Retail New York City New York Operations 153

PYMNTS

DECEMBER 18, 2020

After the transaction, according to the companies, Bank Jago remains majority-owned by Metamorfosis Ekosistem Indonesia and Wealth Track Technology, maintaining their combined ownership stake of 51 percent.

Resources 192

Resources Technology Strategy Digital Banking 192

PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Last September, MatchMove acquired a strategic stake in East Ventures-backed peer-to-peer lending platform MoolahSense. Financial details of the acquisition were not disclosed.

Fintech 168

Fintech Regional Security Lending 168

PYMNTS

DECEMBER 11, 2019

The United Kingdom’s regulator on competition and antitrust concerns has signaled that eCommerce giant Amazon’s stake in food delivery service Deliveroo may need additional examination. 11) that Britain’s Competition and Markets Authority (CMA) has said the stake raises “serious competition concerns” and may need more investigation.

Regulation 131

Regulation Innovation Operations Report 131

PYMNTS

FEBRUARY 26, 2020

Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million), The Brink’s Company announced on Wednesday (Feb. Earlier this month , Brink’s made a $9 million investment in MoneyGram in exchange for an approximate 5 percent stake.

Virginia 175

Virginia New York Operations Capital 175

The Paypers

FEBRUARY 22, 2023

Deutsche Bank has acquired a stake in DataMesh to accelerate the buildup and service offering of the bank’s merchant solutions across the Asia Pacific.

72

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PYMNTS

FEBRUARY 16, 2020

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Cooling tech valuations have had a wide impact, as Rakuten’s case shows — the company also had a 103 billion yen write-down of its stake in Lyft during the previous quarter.

social media 140

social media Policies Operations Financial Technology 140

Payments Dive

MARCH 1, 2023

The high court’s decision could set a precedent for future actions, challenging everything the CFPB has done, said Scott Pearson, a partner in Manatt's consumer financial services practice.

195

195

Payments Dive

JULY 5, 2023

Fidelity National Information Services had planned to spin off the merchant processing business Worldpay, but multiple news reports suggest control may be sold instead.

Report 195

Report National 195

PYMNTS

JUNE 13, 2019

Social media company Facebook is going to buy a stake in Meesho, an Indian eCommerce startup that connects people re-selling a variety of items with potential buyers on other platforms, according to a report from Reuters. No details were available about how much Facebook is paying for the stake in Meesho, or the size of that stake.

social media 134

social media Maine Capital Regulation 134

PYMNTS

DECEMBER 7, 2018

” Reuters reported that the famed value investor ’s favored investment vehicle, Berkshire Hathaway , is eyeing taking a 10 percent stake in India’s Kotak Mahindra Bank. If Berkshire were indeed to take a stake, the firm would pay between $4 billion to $5 billion, Reuters said, citing, in turn, CNBC. “The as stating.

Omaha 146

Omaha Fintech blockchain Course 146

PYMNTS

AUGUST 17, 2020

17) following a Reuters report indicating that Amazon (Nasdaq: AMAZ) may buy a stake in the company. Reuters reported that Amazon is considering buying a minority stake in Rackspace, but there is “no certainty” that a deal would be reached. EST Monday (Aug.

Technology 113

Technology Google Regulation Report 113

PYMNTS

DECEMBER 9, 2019

10) if Amazon’s quest to acquire a stake in Deliveroo — among the U.K.’s The eCommerce giant bid roughly $500 million for a minority stake in the food-delivery service. . The CMA doesn’t generally investigate minority stake deals, but Amazon’s access to massive data likely triggered concerns. The CMA is also probing Google’s $2.6

social media 130

social media Data Regulation Marketing 130

Bank Innovation

AUGUST 18, 2017

Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement. Terms of KeyBank’s equity investment were not disclosed.

Cleveland 186

Cleveland Payments Fintech Management 186