PayPal Holdings Inc. said that it has reached an agreement to acquire Japanese buy-now-pay-later (BNPL) payments platform Paidy for 300 billion yen ($2.7 billion). In a press release, the U.S. fintech giant announced the deal that is going to be …
South African retailing giant Massmart announced that it is already advancing its negotiations to acquire a controlling stake in online delivery startup OneCart, accelerating its aim to boost its centralized e-commerce capability. Massmart, which also owns local brands such as …
IT developer Tech Mahindra has acquired U.S. based DigitalOnUS, a cloud and development operations service provider, in a deal worth $120 million. Tech Mahindra bought DigitalOnUS (DOU) in an effort to improve cloud infrastructure and make further strides into Site …
Grab Chief Executive Officer Anthony Tan will obtain about 60 percent of the voting rights as the Singapore-based ride-hailing giant merges with special purpose acquisition company (SPAC) Altimeter Growth Corp., strengthening his grip over the transport startup. In the regulatory …
WeWork has decided to go public through a merger with special-purpose acquisition company BowX Acquisition Corp in a deal that would value the office-sharing startup at $9 billion, including debt. According to people familiar with the matter, the New York-based …
Dropbox is set to acquire secure document company Docsend in a deal for $165 million. This acquisition is set to close sometime in the first quarter of 2021, with Dropbox saying that the acquisition will be “immaterial” to its operating …
Japanese tech company Panasonic is making plans to acquire American supply chain company Blue Yonder for $6.5 billion, as announced on the Nikkie 225. Panasonic plans to scale up hardware production for products that contain software, sensors, and other small …
Arts and crafts retailer Michael’s announced it would be taking the company private in a $3.3 billion deal with Apollo Global Inc. Apollo Global has agreed to purchase all outstanding shares of Michaels for $22 a share, a 47% premium …
British pharmaceutical company AstraZeneca sold its 7.7% stake in Moderna Inc. (MRNA) for more than $1 billion on Sunday. AstraZeneca began selling shares of Moderna after it introduced its own COVID-19 vaccine in early 2021. Moderna had its vaccine approved …
India’s Supreme Court has barred the Future Group’s $3.4bn sale of retail assets to Reliance Industries Ltd. which was supposed to boost Amazon’s stakes in the country. Indian stock exchanges and the country’s antitrust watchdog had already greenlighted the sale …