Blackhawk Network (HAWK) Acquires CashStar for $175M
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Blackhawk Network Acquires CashStar for $175 million; Establishes a Leadership Position in First-Party Digital Gift Card Market; Transaction is Accretive to Adjusted EPS for 2018
August 30, 2017 8:00 AM EDTPLEASANTON, Calif., Aug. 30, 2017 /PRNewswire/ --Â Blackhawk Network, Inc., a global financial technology company ("Blackhawk"), announced today that it has acquired CashStar, Inc., a leading provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. The acquisition strengthens Blackhawk's position in the emerging digital gift card market and establishes Blackhawk as a leading provider in the fast growing first-party digital gift card market. The first-party gift card market transaction dollar volume is estimated in excess of $100 billion with digital being the fastest-growing... More
