Deals
Green Dot Said to Be in Talks to Buy Russell Simmons’s UniRush
- Carlyle-backed UniRush said to be worth about $150 million
- Companies cater to people without bank accounts, credit cards
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Prepaid-card provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music industry entrepreneur behind rap label Def Jam, according to people familiar with the matter.
Green Dot has entered into exclusive negotiations with UniRush after an auction for the company, said the people, who asked not to be identified because the process is private. A deal hasn’t been finalized and the talks could fall apart, they said.