New York-based investment banking giant JPMorgan Chase announced that it has purchased college planning platform Frank Financial Aid as it aims to deepen relationships with students and their parents. In a press release, the U.S. bank announced the acquisition as …
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, …
Swiss cement maker Holcim AG, formerly known as LafargeHolcim, announced on Friday that it has agreed to sell its business unit in Brazil to steelmaking firm Companhia Siderurgica Nacional (CSN) for an enterprise value of $1.025 billion as the company …
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 …
German media giant Axel Springer announced on Thursday that it struck a deal to purchase digital media site Politico for more than $1 billion, stepping up its efforts to grow its portfolio in the United States. In a press release, …
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 …
Amazon announced Wednesday that it made a deal to acquire MGM for $8.45 billion to expand its media library. The MGM acquisition is the second-largest for Amazon after it bought Whole Foods for $13.7 billion in 2017. Amazon said it …
Indian education technology frim Eruditus has acquired STEM learning and online education company iD Tech in a deal worth $200 million. The acquisition will be Eruditus’ first push into the K-12 learning market, having previously focused on systems for higher …
Mobile carrier and telecommunications giant Verizon has sold Yahoo and AOL to Apollo Funds in a deal worth $5 billion. Verizon will maintain a 10% stake in the company as part of the deal, with Yahoo being the name of …