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Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week. Roundtable: Should Tech M&A Be Locked Down During The Pandemic? Now, some lawmakers even want to ban M&A until the economy returns to normal.
US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. FTC, Lawmakers Turn Sour On M&A; Could Innovation Suffer? Perhaps outright bans on mergers. In today’s top news, PNC will acquire BBVA’s U.S. unit for $11.6 PNC Advances $11.6B BBVA Record Purchase Deal.
A newspaper in the region, The Korea Economic Daily, reported that eBay wants to sell 100 percent of its stake in the company, called eBay Korea. At the time of the merger, the companies made up 87 percent of the country’s consumer-to-consumer market as well as over 30 percent of the online shopping mall market.
Spending has been growing at double-digit percentages through the past few years, far outpacing economic growth. Over the past few months, we’ve seen announcements from marquee names in commerce, payments and financial services ( Amazon among them), linking up across mergers and acquisitions (M&A), and via consortiums.
The mergers and acquisitions, the deal-making, the funding and IPOs among payments players may be just getting started. Western Union has been public about its desire for acquisitions. Special purpose acquisition companies (SPACs) have been all the rage, too. to go public.
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