Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies. Fiserv shareholders will own almost 58% of the combined company, with First Data's shareholders holding the rest. The acquisition is expected to close in the second half of 2019.
The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations.
The firing happened in 2013 after the staffer gained access to emails from top executives and shared them outside the company, according to a news report.
New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market.
