The payments tech market was shaken by the intricate deal involving Global Payments, which bought Worldpay from GTCR and FIS for over $24B.
Also, Global Payments sold its TSYS business to FIS for $13.5B. The deal enhances their position in the financial technology and payments processing space.
There were also large deals in the Food & Grocery delivery space, including the $3.9B acquisition of British firm Deliveroo by its US rival DoorDash in a move to bolster its global presence.
And Turkish delivery app Trendyol Go was gobbled up for $700M by Uber, growing its international footprint.
Among other noteworthy deals, Social Snowball, an influencer, affiliate, and referral marketing platform, was acquired for $20M at 6.7 times revenue by Dotdigital, a marketing automation company, to diversify its customer acquisition channels and enhance its cross-channel marketing capabilities.
Symbiosis, an AdTech startup focused on off-site advertising campaigns, was bought for $175 million by DoorDash, expanding its advertising capabilities and driving off-platform sales for its merchant partners.
And in the UK, AI-driven fashion shopping platform Lyst was pocketed for $154 million by ZOZO, a Japanese fashion e-commerce company, to accelerate its international expansion and enhance its AI-driven fashion discovery capabilities.
If you are aiming to learn about the key deals and valuations for companies in the Online-Offline Commerce sector, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.