Tag: acquisition

acquisition
February 21, 2020 BY Valentina Kirilova

Morgan Stanley buying E*Trade in $13bn deal

Wall Street giant Morgan Stanley (NYSE: MS) announced on Thursday that it will acquire E*TRADE Financial Corporation (NASDAQ: ETFC), a financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share…

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acquisition
February 07, 2020 BY Valentina Kirilova

AxiCorp to acquire trading tech firm Star Financial System

Australia-based FX and CFD trading provider AxiCorp has earlier this week announced that it will acquire the UK-headquartered trading technology firm Star Financial System. The cash-based deal will include Star’s technology, staff, operations and licenses, but it does not necessarily represent a signal for radical change. AxiCorp’s CEO Rajes Yohannan noted in a statement that…

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Match-Trade launches a Partnership Program
January 20, 2020 BY Mariela Naydenova

Visa to acquire Plaid Inc. for $5.3 billion

Visa has just announced on Monday, January 20, that is has agreed to acquire Plaid. Inc, a fintech privately held startup for $5.3 billion, as reported by local news outlets. Through the acquisition, Visa will have greater access to the ever-expanding fintech space, a fact that has increased competition and the M&A activity in the…

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acquisition
January 20, 2020 BY Mariela Naydenova

PayPal acquires e-commerce startup Honey for $4 billion

PayPal has completed the acquisition of the deal-finding browser add-on company Honey Science Corporation in a $4 billion deal. This is the largest acquisition for the company in its 20-year history. The e-commerce startup Honey has around 17 million active users per month for whom it provides deal-browser extension services to navigate them through the…

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January 16, 2020 BY Mariela Naydenova

Anchorage starts crypto trading services, acquires Merkle Data

The cryptocurrency custodian company Anchorage has just moved to crypto trading services for its customers, allowing them to trade digital assets directly with vault-stored money. The announcement came on January 15th. Based in San Francisco, Anchorage just acquired the data analytics company Merkle Data. While the amount of the transaction was not disclosed, the move…

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Kraken
January 16, 2020 BY Mariela Naydenova

Kraken acquires Australian crypto exchange Bit Trade

Kraken, one of the largest US cryptocurrency exchanges is expanding. It has completed the acquisition of one of Australia's first crypto exchanges (launched in 2013) - Bit Trade. The information comes from an official press release sent out by Kraken. According to press, Bit Trade's website will continue to operate in its usual manner since…

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Euronext
January 16, 2020 BY Valentina Kirilova

Euronext acquires 66% of the share capital of Nord Pool

Euronext has announced earlier this week that it has completed the acquisition of 66% of the share capital and voting rights of the Nord Pool group, after receiving regulatory approvals. Nord Pool is the second largest power market in Europe - LeapRate reminds that in 2018, the company generated c.€40 million revenue and 524 TWh…

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acquisition
January 13, 2020 BY Valentina Kirilova

INTL FCStone acquires GIROXX GmbH in Germany

INTL FCStone Inc. (NASDAQ: INTL) has just announced that its London-based subsidiary, INTL FCStone Ltd., executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Closing is conditional upon the approval of the German regulator BaFin. Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small…

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acquisition
January 10, 2020 BY Valentina Kirilova

Kroll acquires RP Digital Security, expands cyber risk practice in Asia Pacific

Kroll, a division of Duff & Phelps, has today announced that it has acquired RP Digital Security, aiming to expand its cyber security offerings. Singapore-headquartered RP Digital Security is a computer forensic investigations, digital security and eDiscovery services company. It serves some of the largest law firms, financial institutions and insurance providers in the region. RP Digital Security has…

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