Fiserv to purchase CheckFree

Fiserv will acquire CheckFree in an all-cash transaction valued at approximately $4.4 billion. Under the agreement, CheckFree shareholders will receive $48 in cash for each share of common stock.

 

The transaction is expected to be completed by December 31, subject to regulatory approvals, approval by the CheckFree shareholders and customary closing conditions. After closing, the combined company will have pro-forma revenue of about $6 billion, employ more than 27,000 associates worldwide and be the leading provider of technology processing solutions to banks and financial institutions.

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