Deals
AmEx in Advanced Talks to Buy SoftBank-Backed Kabbage
- Transaction could see AmEx paying as much as $850 million
- Deal would make AmEx a bigger player in small-business loans
This article is for subscribers only.
American Express Co.’s small-business aspirations just took another step forward.
The credit-card giant is in advanced talks to buy Kabbage Inc., a person familiar with the matter said, a deal that would make AmEx a bigger lender to mom and pop shops. The company is already the largest U.S. provider of credit cards to those types of operations.