FOUR - Shift4 Payments in Acquisition Spotlight Fiserv and Amadeus Poised for Billion-Dollar Bidding War | Benzinga
Fiserv, Inc (NYSE:FI) and Amadeus IT Group are in the race to acquire Shift4 Payments Inc (NYSE:FOUR), a payment processing firm valued at nearly $7 billion.
These two leading contenders are preparing their final bids in the upcoming weeks, although the outcome of these negotiations remains uncertain, Reuters reports.
This week, Shift4 Payments reported fourth-quarter fiscal 2023 gross revenue growth of 31% year-on-year to $705.4 million, lagging the consensus of $$757.8 million. Adjusted EPS of 76 cents missed the consensus of 82 cents.
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