CD&R Eyes Acquisition of Payment Processor Global Payments
· Business · Financial Times, Reuters
Private equity firm Clayton, Dubilier & Rice is pursuing a buyout of the payment processor Global Payments. The target company is currently valued at approximately $40 billion. The potential acquisition follows a trend of consolidation within the financial technology sector.
Why it matters
A successful acquisition would represent a major consolidation in the global payments industry, potentially affecting transaction services and merchant fees.
Read the original report — Financial Times
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