PYMNTS
OCTOBER 4, 2020
Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. The FTC didn’t immediately respond to a WSJ request for comment. Facebook declined to discuss the information.
PYMNTS
FEBRUARY 11, 2020
Neither Google nor Fitbit have responded to requests for comment. Regulators from various places have critiqued that they’ve been too accepting of some deals in the past — such as Facebook’s takeover of WhatsApp for $19 billion in 2014, or its $1 billion buyout of Instagram in 2012.
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PYMNTS
MARCH 21, 2019
Ross said in an email on Wednesday (March 20) that it wasn’t an easy decision to step down from the company he founded in 2012. “I The SEC declined to comment on the current investigation, while Direct Lending and Omanoff didn’t respond to requests for comment.
PYMNTS
OCTOBER 3, 2018
Mattress Firm and its parent company, Steinhoff International Holdings NV, didn’t respond to Reuters ’ requests for comment. Mattress Firm’s vendors would receive full repayment, and, through the process, it would shrink its brick-and-mortar footprint. Tempur Sealy International’s stock rose 5.2 percent and closed at $52.64
PYMNTS
JANUARY 29, 2019
While Huawei didn’t respond to requests for comment on the allegations. In addition, prosecutors say that Huawei launched a “concerted effort” in 2012 to steal information on a phone-testing robot created by T-Mobile USA Inc., China’s government defended the company. 1 in Canada on fraud allegations.
PYMNTS
OCTOBER 22, 2018
InGear Fashions first began working with Sears in 2012, reports said. Sears did not respond to the publication’s request for comment. The Chicago Sun Times said on Friday (Oct. 19) that one of Sears Holdings’ vendors is suing the company, claiming nearly $840,000 in unpaid invoices.
PYMNTS
JANUARY 24, 2019
The paper noted that the FTC, which has been shut down along with other parts of the government, didn’t respond to a request for comment. The consent decree was inked in 2012. Others advocates calling for the breakup include Color of Change and Open Markets Institute , noted the report.
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