NEW YORK — Fiserv is buying
First Data in a $22 billion all-stock deal, creating a giant player
in the payments and financial technology sector.
First Data shareholders will receive about .30 shares of Fiserv for
every share of First Data they own, according to the deal announced
Wednesday, a premium of about 29 percent.
The deal will leave Fiserv shareholders with 57.5 percent of the
combined company. First Data shareholders will own the remaining
Fiserv, based in Brookfield, Wisconsin, specializes in financial
services technology related to electronic payments and processing.
First Data, based in New York, says it facilitates $2.4 trillion in
transactions each year.
The deal was approved by the boards of both companies and is
expected to close in the second half of the year, pending regulatory