SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance. The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain traction…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
Stewart to acquire Mortgage Contracting Services’ business for $330 million
HOUSTON – Stewart Information Services Corp (STC.N) said on Tuesday its subsidiary, SISCO Holdings, LLC, has agreed to acquire the mortgage services division of Mortgage Contracting Services (MCS) for $330 million in cash. The deal will allow Stewart, a title insurance and real estate services company, to expand its offerings to mortgage lenders and servicers by…
Archer Aviation acquires Hawthorne Airport for LA air taxi network
LOS ANGELES — Archer Aviation Inc. (NYSE: ACHR) on Thursday reported third-quarter results and unveiled a series of strategic moves aimed at accelerating its advanced air mobility ambitions, including the acquisition of Hawthorne Airport for LA air taxi network and a $650 million equity raise. CEO Adam Goldstein said the company is “not waiting for…
Universal Display Corporation to acquire OLED patent portfolio from Merck KGaA
EWING — Universal Display Corporation (Nasdaq: OLED) announced Thursday that it has entered into a definitive agreement to acquire a portfolio of OLED patent assets from Merck KGaA, Darmstadt, Germany, in a move aimed at expanding its intellectual property footprint in high-efficiency emissive device structures. The portfolio includes more than 300 issued and pending patents…
Metro Communications agrees to acquire Southern Illinois assets of Clearwave Fiber
SULLIVAN – MCC Network Services LLC (Metro Communications), a leading regional provider of fiber optic network, announced a definitive agreement to acquire the Southern Illinois assets of Clearwave Fiber, LLC. The deal includes Clearwave’s Southern Illinois fiber network and related backhaul agreements from CableOne, Inc. Constructed over 15 years, Clearwave’s network supports backhaul, public safety,…
Ripple raises $500 million, hits $40 billion valuation amid U.S. crypto policy shift
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
QIAGEN to acquire Parse Biosciences for $225 million in single-cell push
AMSTERDAM – Life sciences company QIAGEN NV said on Monday it has agreed to acquire Parse Biosciences, a provider of single-cell sequencing solutions, for an upfront $225 million in cash, aiming to capture a larger share of the fast-growing market for analyzing individual cells. The deal for the privately held U.S.-based company includes the potential…
CSW Industrials completes $650 million acquisition of MARS Parts
DALLAS — CSW Industrials, Inc. has finalized its acquisition of Motors & Armatures Parts, a leading distributor of HVAC and refrigeration components, for approximately $650 million in cash, the company announced Tuesday. The acquisition of MARS Parts significantly expands CSW’s product portfolio in the heating, ventilation, air conditioning and refrigeration market. The deal adds motors,…
Youtooz acquires UK brickset brand Microdesigns to expand into buildable collectibles
LONDON: Youtooz, the community-driven collectibles company, said on Wednesday it has acquired UK-based Microdesigns, a maker of premium brick-built display models of iconic venues and sports teams, marking its entry into the licensed sports goods category. The deal, whose financial terms were not disclosed, adds buildable collectibles to Youtooz’s product portfolio and strengthens its presence…
Hippocratic AI raises $126 million in Series C at $3.5 billion valuation
SAN FRANCISCO – Hippocratic AI, the global leader in safety-focused generative AI healthcare agents, today announced the close of its Series C financing, raising $126 million at a $3.5 billion valuation and bringing its total funding to $404 million. The funding was led by Avenir Growth, a leader in supporting category defining companies in generative…
Ripple acquires digital asset custody firm Palisade
SAN FRANCISCO – Ripple, a provider of cryptocurrency and enterprise blockchain solutions, said on Tuesday it has acquired digital asset wallet and custody company Palisade, a move aimed at significantly expanding its services for financial institutions and corporations entering the digital asset space. The acquisition will combine Ripple’s existing “bank-grade vault” for long-term storage with Palisade’s…
DXP Enterprises acquires Triangle Pump & Equipment
HOUSTON – Industrial distributor DXP Enterprises Inc said on Monday it has completed the acquisition of pump supplier Triangle Pump & Equipment Inc, a move aimed at expanding its geographic footprint and capabilities in the water and wastewater sector. DXP, which provides pumping solutions and other industrial equipment, funded the deal for Ridgefield, Washington-based Triangle…