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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

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FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more … Read more

Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger

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Traders work under monitors displaying Exxon Mobil Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. As part … Read more