SynopsisCanadian payments firm Nuvei is nearing a deal to buy Payoneer Global. The acquisition is valued at approximately $2.7 billion. This move would merge Nuvei's merchant payment services with Payoneer's money transfer networks. The companies could finalize the agreement in the coming days. Talks are ongoing and a deal is not yet guaranteed.Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for about $2.7 billion, according to two people familiar with the matter.The $2.7 billion purchase price includes Payoneer's cash, implying an enterprise value of about $2.3 billion, the sources said.Nuvei, backed by private equity firms Advent International, Novacap and Canadian investment group CDPQ, could sign a deal to acquire New York-based Payoneer in the coming days, the sources added.The talks are ongoing and it's possible the plans could change and a deal may not materialize, said the sources, who declined to be identified discussing confidential information. Nuvei and CDPQ did not immediately respond to requests for comment. Payoneer and Advent declined to comment.A deal would combine Nuvei's business of helping merchants accept payments with Payoneer's networks for sending money to suppliers, freelancers and sellers. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Nuvei to value Payoneer at about $2.7 billion including debt in deal, sources say - The Economic Times
Canadian payments firm Nuvei is nearing a deal to buy Payoneer Global. The acquisition is valued at approximately $2.7 billion. This move would merge Nuvei's merchant payment services with Payoneer's money transfer networks. The companies could finalize the agreement in the coming days. Talks are ongoing and a deal is not yet guaranteed.







