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Paysafe Readies $9 Billion IPO Via SPAC

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Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp.,

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The One Industry That Stands To Gain The Most From Blockchain?

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The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion. That’s how much the global financial services industry (and, ultimately, their customers) could save by integrating blockchain solutions, the company said in its paper, published earlier this month.

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UnitedHealth Earnings Show Healthcare At The Crossroads

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The company managed to beat Q4 profit expectations despite COVID-19 taking a significant bite out of its business. According to Rex, UnitedHealthcare’s health insurance division paid for 65,000 inpatient admissions related to COVID-19; about 20 percent of those admissions happened in October and 50 percent in December. billion in 2020.

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New Math: Walmart+ Doesn’t Equal Amazon Prime

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Walmart has managed to survive and thrive through the pandemic mostly because it never lost its “essential” retail tag and because it finally made some real steps toward being an eCommerce company. The Motley Fool, for example, sees it as part of Walmart’s move toward becoming a lifestyle company.

Math 60
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Cyberattacks, Fraud Cost UK SMBs Nearly $11B

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billion due to cyberattacks , fraud, terrorism and other risk factors, according to new research by insurance broker Gallagher. Seventeen percent also said they spent more than $12,000 to address the issue, while 9 percent said the price tag exceeded $24,400. Small businesses in the U.K. lost an estimated $10.74 on Wednesday (Aug.

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Pebble Shuts Down After Fitbit Buys Software

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The acquisition excludes the company’s hardware products. Terms of the deal were not disclosed, but media reports last week pegged the price tag at anywhere from $35 million to $40 million. We have made the tough decision to shut down the company and no longer manufacture Pebble devices.”.

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Canoo Aims To Reinvent Electric Vehicles And Subscriptions

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That group would certainly include Alex Marcinkowski , chief strategy officer at Canoo , the electric vehicle company that has made headlines with its recent $600 million fundraise. Canoo accomplished that by merging with a special purpose acquisition company (SPAC) called Hennessy Capital Acquisition Corp.,