Rent-A-Center reaches deal to sell company
June 18, 2018
Vintage Capital has reached a deal with Rent-A-Center’s board to acquire the company for $15 a share in an all-cash deal. Vintage Capital has a history in the rent-to-own channel. The equity firm has a controlling interest in Buddy’s Home Furnishings, the third largest chain in the rent-to-own vertical.
Recent News
Spotify Faces Disruptions After Layoffs
During Spotify’s recent earnings call, CEO Daniel Ek acknowledged that the company’s decision to lay off employees last December had a more substantial impact on operations than initially anticipated.
Clear’s Airport Line-Skipping Faces California Scrutiny
Clear, a biometric scanning service, lets travelers skip airport security lines for $189 a year. Now, California lawmakers are pushing back against its expansion.
Walgreens Broadens Specialty Pharmacy Services for Cell and Gene Therapies
Walgreens revealed its plans to collaborate directly with drug manufacturers to provide cell and gene therapies to patients in the U.S.
Meta’s Threads Has 150 Million Monthly Active Users According to Mark Zuckerberg
Meta’s Threads, which entered the market to compete with the likes of X, is growing at a robust rate.