News Formal

Far Point Acquisition Nears Deal to Buy Global Blue From Silver Lake

  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Far Point Acquisition is nearing a purchase of Swiss payments firms Global Blue for $2.6 billion including debt

Far Point Acquisition Corp., the blank-check company launched by former New York Stock Exchange President Thomas Farley, is nearing a purchase of Swiss payments company Global Blue for $2.6 billion including debt.

The deal would hand Global Blue a U.S. listing and an additional $1 billion from Far Point and investors including Alibaba Group Holding Ltd. affiliate Ant Financial Services Group and Daniel Loeb’s activist hedge fund Third Point LLC, people familiar with the matter said. It could be announced as soon as Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What Jeff Bezos' India visit has been like so far, in photos - Business InsiderThe Amazon CEO's visit to India isn't going very smoothly: local small business owners have been protesting Bezos and the company. is he or is he not a frigggggggin-villain then? Nameste 🙏 🙏🏼
Source: BusinessInsider - 🏆 729. / 51 Read more »