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Fiserv to buy First Data in a $22 billion all-stock dealFiserv on Wednesday announced plans to buy First Data in an all-stock transaction the companies valued at $22 billion.
Source: CNBC - 🏆 12. / 72 Read more »
KKR scrapes second-rate return out of First DataAfter a long 12-year investment in the payment processor, a sale to Fiserv sets the stage for a profitable exit. It’s a wonder the $29 bln buyout survived the financial crisis, considering the debt and multiple CEOs. Anything better than breaking even amounts to a win.
Source: Breakingviews - 🏆 470. / 51 Read more »
Last deal for First Data carries late-cycle riskFiserv’s $22 bln all-stock acquisition of the transaction processor at a 30 pct premium comes with plenty of cost savings. Revenue synergies would be icing on the cake. But as with KKR’s toppy leveraged buyout of First Data in 2007, market turns can undermine M&A logic.
Source: Breakingviews - 🏆 470. / 51 Read more »
AT&T says it’ll stop selling your location data, amid calls for a federal investigationA report from Motherboard on major U.S. wireless carriers revealed the shadowy business of collecting and reselling phone location data. That's nice. Pay attention, WaPo! They are using weasel words: “aggregator” If only they had some pesky regulations 😒
Source: washingtonpost - 🏆 95. / 72 Read more »
Government shutdown poses threat of agricultural data shockFarmers and traders are missing key pieces of U.S. government data they need to market and trade soybeans and other crops, just as China has resumed at least some purchases of U.S. agricultural products.
Source: MarketWatch - 🏆 3. / 97 Read more »