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Walmart-Backed ‘Super App’ OnePay Hits $4 Billion Valuation

OnePay, the Walmart Inc.-backed fintech firm behind the “super app” that the world’s largest retailer is incorporating for customers, recently bought back shares from employees at a price that values the closely-held company at more than $4 billion, according to a person with knowledge of the matter.

CDS Panel Quashes Challenge From Arini Over Ardagh’s Auction

The panel that oversees Europe’s credit-default swap market threw out a challenge from Arini Capital Management related to the upcoming CDS auction for Irish packaging manufacturer Ardagh, in a fillip to buyers of the insurance-like default protection.

DOJ Allows Compass-Anywhere Deal After Overruling Staff

Compass Inc. closed its acquisition of its largest rival, Anywhere Real Estate Inc., after Justice Department leadership overruled staff concerns that the deal could hurt competition in the real estate market, according to people familiar with the matter.

Netflix Stock Is Pricey Even After Warner Bros.-Induced Selloff

Shares of Netflix Inc. have tumbled since October, when the streaming giant became one of the presumed suitors for Warner Bros. Discovery Inc. But despite a 28% plunge in less than three months, the stock still appears to be too expensive to entice investors.

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