Digital Payments Deal-Making Shows No Signs Of Slowing
Law360 (June 5, 2019, 9:56 PM EDT) -- Deal-making in the digital payments space is bounding ahead as companies hunt for greater geographical and technological scale in order to remain competitive.
Consolidation is sweeping through the industry, resulting in the year’s third megamerger in the field: Global Payments Inc.’s $21.5 billion combination with Total System Services Inc.
The all-stock acquisition, announced May 28, came after Fiserv Inc. in January unveiled a $22 billion takeover of private equity-backed First Data Corp. and Fidelity National Information Services in March announced plans to snap up Worldpay in a $43 billion deal.
“What you’ve seen this year is the consolidation of most of...
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