Global Payments Inc. (GPN) has initiated several significant changes including the
disposing of its payroll business to fintech company, Acrisure, for
$1.1 billion. This move is expected to sharpen Global Payments' focus on its core actions. Concurrently, the company announced agreements to acquire Worldpay and divest Issuer Solutions. Several investment firms, including
North Star Asset Management Inc,
Aurdan Capital Management LLC, and others have purchased a significant number of Global Payments' shares. The market reactions to these events have been mixed. While the company's stock jumped following the announcement of the deal with Acrisure, it also experienced a plunge after unveiling the $24 billion Worldpay deal. Forecasts for the company's future are varied, with some predicting strong growth and strategic maneuvering forward and others wondering if it's underperforming within the tech sector.
Francisco Partners are set to acquire AdvancedMD from Global Payments, signaling further reshaping within the company. Lastly, the firm plans to introduce its new Genius™ POS platform as a part of its global expansion strategy.
Global Payments GPN News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Fri, 30 May 2025 22:29:16 GMT -
Rating 4
- Innovation 7
- Information 9
- Rumor 6
