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Fiserv to Buy First Data for $22 Billion in Payments Push (1)

Jan. 16, 2019, 2:41 PM

Fiserv will acquire First Data Corp. for $22 billion in a payments processing deal that marks one of the biggest financial mergers in a decade and a win for private-equity giant KKR & Co.

The deal will create the world’s largest payment processor amid a wave of consolidation in that industry, which faces threats from startups such as Square Inc. and Adyen NV. The all-stock transaction values First Data at a 29 percent premium to the Jan. 15 closing price.

“It will be interesting to see how combining two fairly large legacy processing companies will be done smoothly given the...

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