Fiserv to acquire First Data in all-stock deal with equity value of $22 billion

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Fiserv buying First Data in stock deal worth $22 billion; First Data up 17%

 

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Fiserv to buy First Data in a $22 billion all-stock dealFiserv on Wednesday announced plans to buy First Data in an all-stock transaction the companies valued at $22 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Fiserv's $22 billion deal for First Data is one of the biggest in fintech history, and already some on Wall Street are warning of a culture warThe perceived revenue and cost-saving benefits from Finserv's acquisition of First Data may not be as simple as the two companies have purported.
Source: BusinessInsider - 🏆 729. / 51 Read more »

KKR scrapes second-rate return out of First DataAfter a long 12-year investment in the payment processor, a sale to Fiserv sets the stage for a profitable exit. It’s a wonder the $29 bln buyout survived the financial crisis, considering the debt and multiple CEOs. Anything better than breaking even amounts to a win.
Source: Breakingviews - 🏆 470. / 51 Read more »

Last deal for First Data carries late-cycle riskFiserv’s $22 bln all-stock acquisition of the transaction processor at a 30 pct premium comes with plenty of cost savings. Revenue synergies would be icing on the cake. But as with KKR’s toppy leveraged buyout of First Data in 2007, market turns can undermine M&A logic.
Source: Breakingviews - 🏆 470. / 51 Read more »

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Fox says no plans to bid for sports networks Disney may sellTwenty-First Century Fox said http://www.sec.gov/Archives/edgar/data/1308161/000... How about swapping your News network for Sports.
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French watchdog slaps Google with $57M fine under new EU lawFrance's data privacy watchdog has fined Google $57 million, the first penalty for a US tech giant under new European data privacy rules that took effect last year. That's pocket money for Google. Google sucks but if they want to avoid such things, stay away from anyone connected to the EU It's run by communists calling themselves globalists Ha ha ha, 57 million 💸💰💶💵 is chump change for Facebook.
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