Total System Services was the third, and likely final, acquisition in the payments space during a busy first half for the industry.
News & Analysis: Total System Services
The $21.5 billion blockbuster deal makes it the third-largest in fintech history. Three of the four largest such deals have taken place this year. What's going on?
Global Payments and Total Systems Services announced they plan to merge, and BioMarin reported results from a gene therapy trial.
A third industry-shaping megamerger is announced in the payments business in 2019, this one valued at $21.5 billion.
Positives like solid earnings, favorable outlooks, and strategic activity helped buoy the stock market.
A third large acquisition in the payments sector is reportedly in the works.
TSS earnings call for the period ending March 31, 2019.
TSS earnings call for the period ending December 31, 2018.
TSS earnings call for the period ending September 30, 2018.
The payment-services company just made a billion-dollar acquisition that management believes will help the business keep up with the ever-increasing competition.