Vantiv buys WorldPay for $10B
Britain’s largest payment processor, Worldpay, has agreed to be acquired by U.S. rival Vantiv in a deal valued at $10 billion. Worldpay previously disclosed that it received takeover offers from both Vantiv and JPMorgan. The current deal represents a significant premium over Worldpay’s recent share price.
Baidu buys Kitt.ai
Acquirers love their AI. China’s Baidu is the last artificial intelligence startup buyer, with its purchase of Kitt.ai, which uses natural language processing technology to power chatbots and voice apps. Seattle-based Kitt previously raised funding from Amazon’s Alexa Fund.
Where the unicorns are
San Francisco and New York are known for producing the largest numbers of unicorns. But according to a Crunchbase News analysis of 35,000 companies in our database, other metro regions that aren’t known as startup hubs have a pretty impressive success rate relative to their size when it comes to producing well-capitalized companies.
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