trending Market Intelligence /marketintelligence/en/news-insights/trending/Y3VWeJoSLZBoyJ-5xjwdDw2 content esgSubNav
In This List

UK online payment firm FairFX in advanced talks to acquire payment services biz

Podcast

Next in Tech | Episode 72: Midyear Madness: A look the chaotic path and where it’s headed

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans


UK online payment firm FairFX in advanced talks to acquire payment services biz

U.K.-based online payment services provider FairFX Group Plc said it is in advanced talks to acquire a payment services business.

The acquisition, should it proceed, would be financed via an equity placing and open offer with existing shareholders to raise about £25 million through the issue of new ordinary shares in FairFX at a price of approximately 58 pence per share. The company expects the consideration payable for the acquisition to reach £15 million, with the majority expected to be paid in cash.

FairFX noted that it is not certain the deal will proceed.