Why Fiserv Bought First Data for $22B in Stock
To compete in a fragmented market, consolidation is the name of the game; and this week, we learned that two significant companies in the payments and financial-services technology space are about to join forces. Fiserv (NASDAQ: FISV) is buying First Data (NYSE: FDC) for $22 billion in stock, valuing the target at a 30% premium compared to where it was trading prior to the deal’s announcement.
In the this MarketFoolery podcast, host Mac Greer and senior analysts Emily Flippen and Jason Moser discuss the potential pros of combining the financial services technology player and the payment processor, consider what each one brings to the table, and how this deal reflects the trends in the space.
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