PayPal Closes Deal to Acquire Japan’s Unicorn Paidy for $2.7 Billion

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 …

Read more

Massmart in Advanced Negotiations to Acquire OneCart

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 …

Read more

Tech Mahindra Acquires US-based DigitalOnUS for $120 million

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 …

Read more

Grab CEO Obtains 60% of Voting Rights in Record SPAC Agreement

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 …

Read more

WeWork to Go Public through Merger with BowX Acquisition

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 …

Read more

Panasonic to Acquire US Supply Chain Company Blue Yonder for $6.5B

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 …

Read more

Michaels to be Taken Private in $3 Billion Deal with Apollo Global

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 …

Read more

India’s Supreme Court Halts $3.4bn Future Group’s Sale to Ambani’s Reliance Industries

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 …

Read more