Aug 10 (Reuters) - American Express Co is in
advanced discussions to buy online small-business lender Kabbage
Inc in an all-cash deal, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-08-10/amex-said-to-be-in-advanced-talks-to-buy-softbank-backed-kabbage?sref=vEQJzSks
The deal could value the Softbank Group Corp backed
lender at as much as $850 million, including retention payments,
the report said.
An agreement could be announced as soon as this month,
Bloomberg said, though talks could still fall apart.
American Express and Kabbage declined to comment on the
(Reporting by Roshan Abraham in Bengaluru; Editing by Shinjini