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Following the announcement made on 2 November 2020, Nexi and Nets, controlled by a consortium of private equity firms led by Hellman & Friedman (“H&F”), announced that they have signed... more

The post Nexi and Nets agree binding framework agreement for all-share merger appeared first on Payments Cards & Mobile.

Nexi, Italy’s biggest payments group has entered into merger talks with Nets over a potential $8 billion take over in hot pursuit of the multi-billion euro deal last month with... more

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The  $5.48 billion mega merger, Russia’s largest corporate deal of 2020 collapsed over the weekend after talks between online bank Tinkoff and internet giant Yandex ended. Discussions over the potential... more

The post Why did Yandex drop $5.5 billion Tinkoff take over? appeared first on Payments Cards & Mobile.

Goldman Sachs is rumoured to be closing in on the acquisition of General Motors’ credit card business Goldman will pay about $2.5 billion for the portfolio, which has roughly that... more

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P27 Nordic Payments Platform, after having registered interest in 2019, has signed an agreement to acquire Bankgirocentralen BGC AB (Bankgirot), Sweden’s only clearing house for mass payments. Bankgirot, established in... more

The post P27 Nordic Payments Platform makes strategic acquisition of Bankgirot appeared first on Payments Cards & Mobile.