Fiserv and Amadeus IT Group in the Race to Acquire Shift4 Payments

Financial services technology provider, Fiserv, and travel technology company, Amadeus IT Group, are engaged in a business battle to acquire the payments processor, Shift4 Payments. This information was disclosed by Reuters.

Shift4 Payments On Sale

Shift4 Payments, a publicly traded company with a market valuation of approximately $7 billion, has been running a sales process for the past several months. The company reportedly processes over $200 billion worth of annual transactions for more than 200,000 merchants, many of whom operate within the restaurant and hotel sectors.

Final Offers Expected Soon

Reuters, based on information from sources, stated that Fiserv and Amadeus have emerged as the primary contenders in the acquisition race. The final offers are expected to be submitted in the forthcoming weeks.

CEO’s Comments on Strategic Opportunities

Back in November, Shift4 CEO Jared Isaacman informed shareholders that the company was exploring “strategic opportunities and alternatives”. Global Payments was previously named as a potential suitor. However, it appears that Fiserv and Amadeus are now leading the competition. The outcome will significantly shape the future of Shift4, and potentially influence the wider payments processing landscape.