Global Payments Said to Weigh Sale of Payroll, Active Network

Nov. 27, 2024, 4:47 PM UTC

Global Payments Inc. is weighing divestitures of its payroll and Active Network businesses following a strategic review earlier this year, according to people familiar with the matter.

The Atlanta-based payments conglomerate is working with financial advisers to find buyers for the assets, the people said, asking to not be identified because the details aren’t public. Nothing is finalized and Global Payments can still opt to keep the units.

It’s not clear what the businesses are worth in a potential sale. Global Payments acquired the Active Network assets in 2017 for about $1.2 billion.

A representative for Global Payments declined to ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.