Special Offer: Try The Information today for only $10/month for your first 3 months.
About Us
Pricing Corporate Sales
Briefing
Startups

American Express in Talks to Buy Kabbage

By Ross Matican
· · Source: Bloomberg

American Express is in advanced talks to acquire online lender Kabbage for as much as $850 million in cash, Bloomberg reported. That price would be below Kabbage’s last valuation of $1.2 billion. Kabbage offers loans to small- and medium-sized businesses, many of which have been hard hit by the Covid-19 pandemic. In March Kabbage paused lending and suspended existing credit lines. Since March,...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Facebook-Apple Tensions on the Rise: The Information’s Tech Briefing
By The Information Staff · Oct. 26, 2020 5:31 PM PDT
Facebook-Apple Tensions on the Rise: The Information’s Tech Briefing

Facebook escalated its low-level warfare against Apple by unveiling a cloud gaming service that is only available on Android devices. This is a twist on a longstanding reality of mobile phones: lots of apps on iOS aren’t available on Android (try downloading the New Yorker magazine’s app to your Pixel), but because most affluent people in America have iPhones, it gets little ...

Latest Briefs
 
U.S. Court Upholds Stay on WeChat Ban
By Wayne Ma · Oct. 27, 2020
Google, Temasek to Invest $350 Million in Indonesia’s Tokopedia
By Juro Osawa · Oct. 26, 2020
China Cracks Down on Mobile Browsers
By Shai Oster · Oct. 26, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Katzenberg May Shut Down Quibi as Options Run Short
Exclusive
Katzenberg May Shut Down Quibi as Options Run Short
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
The Investors Who Face Big Losses From the Quibi Collapse
Exclusive Venture Capital Startups
The Investors Who Face Big Losses From the Quibi Collapse
By Tom Dotan and Jessica Toonkel
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Quibi to Shutter in Stunning End to Ambitious Venture
Quibi to Shutter in Stunning End to Ambitious Venture
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The Startup Trap Quibi Fell Into (and I Almost Did Too)
The Takeaway
The Startup Trap Quibi Fell Into (and I Almost Did Too)
By Jessica E. Lessin
This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later— reported the shutdown officially.
The SPAC Target List: Private Tech and Media Firms in Their Teenage Years
The SPAC Target List: Private Tech and Media Firms in Their Teenage Years
By Ross Matican and Martin Peers
A dozen private tech and media firms, ranging from BuzzFeed to Getaround, have been left behind in the initial public offering surge of the past two years.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
By The Information Staff
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.