Intuit Buys Mailchimp for $12 Billion

Tax and accounting software giant Intuit announced on Tuesday that it has agreed to purchase email newsletter platform Mailchimp in a $12 billion cash-and-stock deal. Intuit, which is known for owning financial and accounting software packages like TurboTax, QuickBooks, Mint, …

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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 …

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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 …

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Trustees of Supermarket Company Morrisons Raise Concerns Over Takeover Plan

Trustees of Morrisons’ pension schemes have raised concerns on Tuesday over a £7 billion private equity takeover from either of two leading suitors which could “materially weaken” their financial position. The Morrisons board agreed last week to a debt-fuelled takeover …

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