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Rumours are flying that ACI Worldwide is being reviewed for purchase by the FinTech strong private equity firm Motive Partners.
Motive Partners front of queue for ACI
Motive has been seeking financing in recent weeks for a potential deal for ACI, according to a person familiar with the rumour.
No deal has been finalised and it’s possible that discussions could fall through, especially given the recent volatility in the banking and finance markets.
ACI shares rose 2.9% to $23.35 at 3:09 in New York trading Thursday, giving it a market value of about $2.5 billion.
ACI, which has long been a takeover target, is working with a financial adviser to field takeover interest, Bloomberg News reported in January.
The company offers a range of payments services to banks, merchants and other customers, including a platform for handling in-store transactions and fraud-detection services.
The post Motive Partners front of queue for ACI Worldwide purchase appeared first on Payments Cards & Mobile.
