Community
Just when you thought payments couldn't stir up a bit of intrigue, the payments space gives us a juicy bit of M&A love triangle drama worthy of the cheesiest, Susan Lucci-top billing, daytime soap opera (those in the US know what I'm talking about).
The talk of this year's EBADay was "Who's going buy Fundtech?" A week or so later, we got our answer - S1. An answer that, frankly, surprised me - I had my money on ACI.
Now, it looks like my money wasn't *that* far off. ACI has come in offering to buy up S1. However, the deal will only go through if, and here's where the bitchy, *cue the music* catch is - only if they let go of their desire to acquire Fundtech. "Lose the bit on the side, S1 love, and sugar daddy ACI will pay all your credit cards bills".
I'm predicting a show down involving a slap-fest and possibly an outdoor water feature. OK, so in reality, this will probably involve a room full of dark suited lawyers - but in my head I want George Ravich to get, at least, one scene with Susan Lucci.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Todd Clyde CEO at Token.io
31 January
Roman Eloshvili Founder and CEO at XData Group
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
30 January
Prakash Bhudia HOD – Product & Growth at Deriv
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.