Nuvei and Payoneer Global Inc.
(NASDAQ:PAYO) announced Monday they have entered into a definitive agreement under which Nuvei will acquire Payoneer in an all-cash transaction valued at approximately $2.75 billion.
Following the announcement, the PAYO stock gained over 4%.
Nuvei To Acquire Payoneer In $2.75 Billion Deal Under the agreement, Payoneer shareholders will receive $7.40 per share in cash.
The companies said the combination will create a global commerce platform that enables businesses to accept, hold, and move money, including stablecoin transactions, across more than 190 countries and territories.
