Buy now, pay later startup Affirm is looking to acquisitions to gain an edge over its competitors.Affirm announced that it intends to acquire Returnly, a software startup that helps retailers manage returns, for $300 million in cash and equity. The acquisition gives more insight into exactly how Affirm — and some of its other competitors — are mapping out their strategies for what else they can offer retailers, beyond just a digital form of layaway.Online legal service Rocket Lawyer has raised $223 million of financing from an investor group led by Vista Credit Partners to further its international expansion and make acquisitions in a fragmented market.
The company, which has 25 million registered users, already offers online legal documents and virtual attorney meetings to businesses and individuals in the U.S., U.K. and parts of Europe. Intel CEO Pat Gelsinger has resigned from VMware’s board of directors, effective immediately, two months after leaving the top leadership post at the virtualization giant to lead the chipmaker.Palo Alto, based VMware said in a regulatory filing Friday that Gelsinger notified the company of his resignation two days prior. The company said it was Gelsinger’s “personal decision,” “given the demands of his new position as CEO of Intel.”“We are grateful for his many years of service on the Board and his tenure as CEO of VMware,” VMware said in a statement.