The news: ACI Worldwide is reportedly in talks about a possible sale, people familiar with the matter told Bloomberg.
The payments technology provider is speaking to private equity firms as it works with financial advisors to assess interest in a sale, the unnamed sources said.
Why ACI is an attractive takeover target:
How likely is a deal? There’s no certainty ACI will reach a deal, a source told Bloomberg.
More consolidation to come? A deal for ACI could kick off a period of consolidation within the payments industry, during which larger firms snap up struggling, smaller firms that can’t survive the tough financial climate.
As challenging economic conditions look set to stay, financially strong payment firms could bolster their product lines and reach through M&A deals. Conversely, struggling fintechs may try to sell before their fortunes worsen, providing potential purchasers with cut-price acquisition opportunities.
This article originally appeared in Insider Intelligence's Payments Innovation Briefing—a daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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