.jpg){kind=avatar}
With the all-stock transaction of $22bn, a giant will roam the land that will allow Fiserv to provide a range of payments and fin services including digital banking solutions, card issuer processing, e-commerce, integrated payments and POS solutions.
Fiserv intends to refinance the $17 billion of debt that First Data is expected to have at the time of closing, and has entered into a committed bridge financing arrangement in connection with the transaction. Yabuki will serve as CEO and chairman of the board of directors of the combined company. Bisignano will assume the role of president and chief operating officer, and will serve as director of the board of the combined company. The transaction, to close during the second half of 2019, is subject to customary closing conditions and regulatory approvals, including the approval of shareholders of both companies. The transaction is not subject to any financing conditions.
https://www.bankingtech.com/2019/01/fiserv-acquires-first-data-for-22bn/
