fbpx

March 29, 2021Blog Posts

Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says

CNBC

London-based online payments company Paysafe is set to begin trading on U.S. public markets after merging with blank-check company Foley Trasimene Acquisition II Corp, billionaire business and sports executive Bill Foley told CNBC Monday.

Foley, who set up the special purpose acquisition company, or SPAC, announced in December that it was targeting Paysafe in a deal valuing the firm at about $9 billion, including debt.

“Paysafe … is ubiquitous. It’s just everywhere in terms of the gaming world and digital wallets, e-cash solutions,” he said in a “Mad Money” interview. “We’ll actually go public tomorrow as we start trading on the New York Stock Exchange.”

Foley is the chairman of Fidelity National Financial and the majority owner of the Vegas Golden Knights.

File:Paysafe.svg - Wikipedia

Source

Looking for weekly M&A News updates?

TransactionWatch is a weekly newsletter covering the most important and relevant merchant acquiring M&A activity. This first-of-its-kind newsletter was developed for the world’s cutting-edge payments executives. See an example edition.

How Do I Sign Up?
Click here to visit the TransactionWatch landing page and complete the subscription form. You will receive a confirmation email and begin to receive TransactionWatch every Friday.

  • Share this post: