article thumbnail

Convenience Store M&A Deals Rev Up Despite COVID-19

PYMNTS

billion of consolidation deals announced in just the past four months, as a pandemic-related M&A lull ends and COVID-19 reshapes consumer demand. This acquisition is the largest in our company’s history and will allow us to continue to grow and diversify our presence in the U.S., That’s the biggest C-store deal on record.

article thumbnail

M&A Marks Unicorn Activity

PYMNTS

It’s been rather quiet on the unicorn front in past weeks, but some activity of note more recently did extend across mergers, acquisitions and even a downround. In other possible M&A news, Airbnb is reported to be in talks to acquire Tilt, a startup that would help expand the booking service into actual payments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

FIS, Global Payments Eyed Merger, But Talk Broke Down, Report Says

PYMNTS

The deal was reportedly in "advanced talks," WSJ reported, and the companies were planning to announce a deal this week. In particular, Norcross has said he wants to continue to grow through acquisitions. billion in third quarter earnings reported in October, which was largely attributable to the acquisition of Worldpay.

eCommerce 104
article thumbnail

Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid Debit Card

PYMNTS

Plus, Uber plans to cut 3,000 more jobs. Amazon could be in talks to acquire the clothing retailer JCPenney, which officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Roundtable: Should Tech M&A Be Locked Down During The Pandemic?

article thumbnail

Today In Payments: ECB Outlines Use Cases For Digital Euro; Goldman To Pay $2.5B For GM’s Credit Card Business

PYMNTS

The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. The partnership marks the retail giant's foray into privately managed Medicare Advantage plans. Why The Pandemic Is a ‘Black Swan’ That Will Spur Payments M&A.

article thumbnail

Today In Payments: Airbnb Boosts Price Range For IPO; Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

In today’s top news, Airbnb raises its IPO pricing just days before its date to go public, Paysafe could go public through a SPAC merger and Revolut launched an acquiring solution for Revolut Business customers. Airbnb, which plans to hold its initial public offering (IPO) on Thursday (Dec. Paysafe Readies $9 Billion IPO Via SPAC.

article thumbnail

SPACs Sparkled In 2020, But What Lies Ahead For Them?

PYMNTS

One of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC. It might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC. And as reported by CNBC Monday (Dec.