Deals
Ingenico in Talks to Buy GlobalCollect for $1.12 Billion
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Ingenico Group, a French maker of payment terminals, said it’s in exclusive talks to acquire online payment-service provider GlobalCollect for 820 million euros ($1.12 billion) to help it expand globally.
Ingenico shares jumped the most in more than a decade. The purchase of Amsterdam-based GlobalCollect would be funded by available cash and debt, Ingenico said in a statement late yesterday. GlobalCollect offers merchants a hub to other payment providers in 170 countries, according to the statement.