Monday , October 22, 2018

Mergers & Acquisitions

August, 2018

July, 2018

  • 26 July

    In a Bid To Spur Order-Ahead Restaurant Sales, Grubhub Pays $390 Million for LevelUp

    Restaurant-services specialist LevelUp is being sold to Grubhub Inc. for $390 million. Announced Wednesday, the deal weds Boston-based LevelUp, with its expertise in digital ordering, payment, and loyalty, with Grubhub’s online and mobile food-ordering services. Chicago-based Grubhub also owns the Seamless, Eat24, AllMenus, and MenuPages brands. The deal is an …

  • 26 July

    PayPal Looks to Cash in on P2P And Stresses It’s Shopping for More Acquisitions

    Person-to-person payments are hot these days, and PayPal Holdings Inc. has one of the hottest products in the market with its Venmo service. But as PayPal revealed Wednesday, Venmo can create some friction for its parent even as it vitally expands its payments business. PayPal reported $14.2 billion in payment …

  • 25 July

    An Integrated Payments Strategy Is Paying Off for TSYS

    An integrated payments strategy appears to be paying off for processor Total System Services Inc. (TSYS). The Columbus, Ga.-based company says it signed 45 new integrated payments partners in the second quarter. “Coupled with a strong pipeline of software providers across a diverse set of verticals, we believe this high-growth …

  • 24 July

    Carr’s Beyond Makes Acquisition and other Digital Transactions News briefs from 7/24/18

    Beyond, the payments company started by Robert O. Carr in 2017, purchased Boosterville for an undisclosed amount. The company provides a service that connects nonprofit organizations with local merchants. Boosterville has been rebranded Chip-In. Visa Inc. and wire-transfer provider MoneyGram International Inc. said they teamed up to enable cross-border remittances using …

  • 19 July

    Fattmerchant Secures $10.5 Million in Funding and other Digital Transactions News briefs

    Sundance Payment Solutions launched this month, said president Eric Barth. The company works with independent sales agents to sell a suite of payment-processing services. Payments provider Fattmerchant announced it has closed on a $10.5 million Series C funding round led by Fulcrum Equity Partners. The funding will help launch new …

  • 10 July

    The SEC Hits Carr and Companion With Insider-Trading Lawsuit

    The Securities and Exchange Commission filed a civil lawsuit Tuesday accusing former Heartland Payment Systems Inc. chief executive Robert O. Carr and his girlfriend, Katherine M. Hanratty, with insider trading in connection with Heartland’s sale to Global Payments Inc. in April 2016.  The lawsuit pending in U.S. District Court in Bridgeport, …