A small acquisition from two years back seems to be working out for PayPal. The company bought Xoom, an international-remittance platform, in late 2015, at a time when the service’s growth was decelerating. Nowadays, Xoom is growing at a nice pace. The service currently processes 50% more monthly transactions than...
U.S. media group Meredith has reached a deal to acquire Time, the U.S. publisher of Sports Illustrated and Fortune magazines, the company said Sunday evening. Meredith said it had entered a binding agreement to acquire all outstanding shares of Time for $18.50 per share in an all-cash transaction valued at...
A huge cash horde, coupled with $200 billion in repatriated cash from recently passed tax reform, is a perfect opportunity for Apple to make a big purchase of a company such as Netflix. American companies should get a huge shot in the arm from the new tax cut plan, but...