Western Union seeks all US deal to acquire MoneyGram

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Western Union is reported to have made an offer to acquire MoneyGram in a transaction that would bring together the two largest money-transfer service providers in the US.

Western Union seeks deal to acquire MoneyGram

Western Union has made a takeover offer for MoneyGram, according to a person familiar with the matter, who asked not to be identified because the matter isn’t public. No decision has been made and Western Union could opt to proceed without a deal.

The business has been in decline as more people use online payments. FinTech entrants have taken aim at the industry, offering strong

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Peak Re to acquire ILS asset manager Lutece

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Peak Reinsurance Company Ltd (Peak Re) has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd.

According to a statement by Peak Re, the Bermuda-based dedicated ILS asset manager will be renamed Peak Capital and will become a fully owned subsidiary of Peak Re. The transaction is pending regulatory approval and is expected to close in the coming weeks.

“The acquisition of Lutece carries Peak Re forward in its aspirations in ILS by bringing Lutece’s expertise in-house. This will definitely be accretive to our capabilities in capital and

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SoFi to acquire payment software company Galileo for $1.2 billion

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Anthony Noto, CEO of SoFi 

Adam Jeffery | CNBC

Personal finance start-up SoFi has agreed to buy payments software company Galileo for $1.2 billion.

The cash-and-stock deal will help the companies launch new products, expand internationally and capitalize on consumers’ shift to digital finance, according to the CEOs of both companies.

SoFi CEO Anthony Noto said that a shift to digital has been accelerated by the coronavirus shutdown as people lose access to physical bank branches. 

“It’s the right time to do something like this — we’re on the precipice of a transition to digital from physical finance,” Noto told

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