According to Bloomberg, Nuvei Corporation announced the acquisition of Payoneer Global Inc. for approximately $2.75 billion, resulting in combined annual transaction volume exceeding $500 billion after the transaction closes. Payoneer shareholders will receive $7.40 in cash per share, representing a premium of approximately 10% over the previous trading day’s closing price of $6.75.
Nuvei to Acquire Payoneer for $2.75 Billion
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Summary
Nuvei has agreed to acquire Payoneer for $2.75 billion, combining annual transaction volumes of over $500 billion. Shareholders will receive $7.40 per share in cash, representing a 10% premium. The transaction is expected to drive significant growth in transaction volume, and altcoins to watch may benefit from such cross-border payment integrations.
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