The Atlanta-based financial technology company has agreed to acquire its Ohio-based rival from FIS and GTCR in a three-way deal to zero in on merchant services in its race for big-business clients in a crowded payments market.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: GLOBALPAYMENTS
Global Payments to buy Worldpay for $24.25B as firms shift focus
The Atlanta-based financial technology company has agreed to acquire its Ohio-based rival from FIS and GTCR in a three-way deal to zero in on merchant services in its race for big-business clients in a crowded payments market. Read here
US investor offers $5B for Kazakh mining giant ERG
American businessman James Cameron has offered to buy Eurasian Resources Group in a letter sent to its board, as the company prepares to participate in a major expansion of Kazakhstan's rare earths output. Read here
PHOTO: ERG
Coller taps Barings, Ares for $2.4B secondaries deal
The investment firm has closed a landmark structured secondaries vehicle with backing from the two American institutional heavyweights in what is described as the largest transaction of its kind to date. Read here
PHOTO: COLLER CAPITAL
NEWS WORTH NOTING
NEWS WORTH NOTING
Apple to launch foldable iPhone with Samsung OLED
The California-based tech giant has reportedly decided to equip its first foldable iPhone, set for release in the latter half of next year, exclusively with OLED panels from Samsung Display, according to a report. Read here
Adani Ports buys Australian deep-coal facility for $2.5B
India's largest private port operator will acquire Abbot Point Port Holdings, which owns and operates the North Queensland Export Terminal to help grow its global presence. Read here
KKR among bidders for $1B Abu Dhabi cooling business
The buyout firm is among several private investment companies competing to acquire PAL Cooling Holding, a district cooling business owned by the UAE’s Multiply Group. Read here
Malaysia Airlines eyes Boeing jets if China rejects them
Malaysia Aviation Group is talking to the US aerospace company about acquiring new aircraft that may become available if Chinese airlines stop taking deliveries, according to a statement. Read here
Monte dei Paschi investors back bid for Mediobanca
The Italian bank, the world's oldest, expects to launch its $14 billion takeover offer for its Milan-based peer in the summer, after securing shareholder approval. Read here
