Fiserv's Acquisition of First Data Corporation
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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: United States Themes: Mergers and Acquisitions, FinTech |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On January 16, 2019, Fiserv, Inc. (Fiserv) and First Data Corporation (FDC) announced that their boards of directors had approved the definitive merger agreement between the two companies in which Fiserv would acquire its rival FDC in an all-stock deal. Jeffery Yabuki (Yabuki), President and Chief Executive Officer of Fiserv, said, "Through this transformative combination, we expect to redefine the manner in which people and institutions move money and information." Frank Bisignano (Bisignano), Chairman and CEO of FDC, commented, "I have long admired what Fiserv has achieved over the years, and I look forward to working with the talented associates of both companies as we set a higher standard of innovation and service in the industry.".....
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