Fiserv to buy First Data in $22 billion stock deal

• U.S. financial technology provider Fiserv said it will buy payment processor First Data in a $22 billion deal.

 

• It is one of the largest acquisitions in the financial technology sector.

 

• The all-stock deal is at a premium of nearly 30 percent over First Data’s closing price on Tuesday.

 

(Source: CNBC)