Roundup: Waitr completes acquisition / IRS waves penalties / CVS, Walmart resolution

Into the fold: Waitr says it has completed its previously announced acquisition of Bite Squad, for a purchase price of approximately $323 million. Founded in 2012 and based in Minneapolis, Bite Squad operates a three-sided marketplace like Waitr, that connects more than 11,000 active restaurants with 6,300 employee-drivers and approximately 889,000 active diners. Read the full announcement.  

Under-withholding: The Internal Revenue Service will waive penalties against taxpayers who withheld too little of their pay last year because they were uncertain how President Donald Trump’s tax cuts would affect them, USA Today reports.  The Trump administration said it expected 90% of taxpayers to owe less income tax under the Tax Cuts and Jobs Act of 2017. Read the full story.  

Impasse passed: Walmart will remain part of CVS Health Corp’s network for commercial and Medicaid pharmacy customers, the companies said this morning, breaking a contract impasse disclosed earlier in the week, Reuters reports. On Tuesday, CVS said the companies had failed to agree on pricing and Walmart was leaving the pharmacy network for prescription drug plans that CVS manages for companies and health insurers and for the government-run Medicaid program for low-income people. Read the full story.

View Comments