Klarna acquires price comparison site PriceRunner
Klarna is continuing its acquisition spree with the buy out of Nordic price comparison service PriceRunner.
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Sebastian Siemiatkowski (CEO and Co-founder of Klarna) with CNBC International Technology Correspondent Arjun Kharpal at Slush 2016.
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In 2016, Slush brought together 17,500 attendees, including 2,336 startups, 1,146 investors and 610 journalists from 124 countries. People from more than half of the world’s countries traveled to the cold and dark Helsinki, with the ambition of taking their business to the next level.
Slush is a non-profit event organized by a community of entrepreneurs, investors, students and festival organizers. Although Slush has grown from a 300-person event to become one of the leading events of its kind in the world, the philosophy behind it has remained the same: to help the next generation of great, world-conquering companies forward.
PriceRunner has filed a lawsuit against Google for 2.1 billion euros | Stockholm | NewsRme
PriceRunner, a Swedish pricing comparison site, said on Monday that it is suing Alphabet-owned Google for roughly 2.1 billion euros ($2.40 billion), making it the latest company to sue Google for allegedly manipulating search results.
Google lost its appeal in November against a 2.42-billion-euro punishment it got in 2017 after it was deemed that utilizing its own price comparison shopping tool gave it an unfair advantage over smaller European competitors.
In an interview with Reuters, PriceRunner CEO Mikael Lindahl said, “They are still exploiting the market to a very high amount and haven’t altered virtually anything.”
PriceRunner, which is being acquired by fintech Klarna, said it launched a case in Sweden to force Google to compensate it for profits lost in the UK since 2008, as well as Sweden and Denmark since 2013.
A request for comment from Google was not immediately returned. PriceRunner, according to Lindahl, is prepared to battle for many years, has secured tens of millions of euros in external funding, and has contingencies in place if it loses.
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CFPB to regulate buy now, pay later companies like Affirm, Klarna
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Yahoo Finance Live anchors Julie Hyman, Brad Smith and Brian Sozzi discuss the U.S. Consumer Financial Protection Bureau’s plans to regulate buy now, pay later companies like Affirm and Klarna.
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