First Data’s likely last deal - selling itself to rival payments firm Fiserv for $22 billion - carries some late-cycle risk. rob_cyran
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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.
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Fiserv's $22 billion deal for First Data is one of the biggest in fintech history, and already some on Wall Street are warning of a culture warThe perceived revenue and cost-saving benefits from Finserv's acquisition of First Data may not be as simple as the two companies have purported.
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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.
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China posts slowest economic growth since 1990China's economy grew at its slowest pace in almost three decades last year, official data confirmed.
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