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Case Details

Case Code: BSTR584
Case Length: 15 Pages 
Period: 2008-2018   
Pub Date: 2019
Teaching Note: Available
Price: Rs.400
Organization : Fiserv, Inc.
Industry :Payments industry
Countries : India
Themes: Mergers and Acquisitions/FinTech
Case Studies  
Business Strategy
Marketing
Finance
Human Resource Management
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Fiserv`s Acquisition of First Data Corporation

 

ABSTRACT

 
The case study discusses one of the biggest merger and acquisition deals in the global Payments industry. Fiserv, one of the leading players in the Payments industry, acquired another prominent but debt laden player, First Data Corporation, at a relatively cheap price. Fiserv was expecting significant cost and revenue synergies from the acquisition. The case details the factors that led to the decision of the two companies to come together and the synergies to be reaped after the merger.
 
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Issues

The case is structured to achieve the following teaching objectives:
  • To understand the trend in the Payments industry and its challenges.
  • To understand the significance of mergers and acquisitions in the context of the US Payments industry.
  • To explore the various motives behind the acquisition.
  • To understand the importance of timing of an acquisition.
  • To analyze the disadvantages of excessive debt financing.
Contents
INTRODUCTION
A NOTE ON PAYMENTS INDUSTRY
A NOTE ON FISERV
A NOTE ON FIRST DATA CORPORATION
THE DEAL
CHALLENGES AHEAD
EXHIBITS

Keywords

Payments industry, Financial Services, FinTech, Debt Refinancing , Business Strategy Analysis, Expansion Strategy, Impact of Leverage Buyout, Challenges in M&A, Synergies, M&A

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