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

📆 1/16/2020 8:45 AM
📰 WSJ

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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.

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