Jul
23
Blackstone and CVC Bid for British Payments Processor Paysafe
ByLONDON — As more people shop online, the race is heating up to grab a slice of the infrastructure that makes e-commerce go.
Financial companies are targeting the firms that process payments over the internet, and on Friday, the private equity groups Blackstone and CVC Capital Partners teamed up to make a 2.9 billion pound, or $3.7 billion, preliminary offer for Paysafe, a British payments processor.
Paysafe is among a growing number of companies that have taken advantage of the increased prevalence of mobile payments and online shopping, jostling with traditional banks, as well as industry behemoths like PayPal…
Blackstone and CVC Bid for British Payments Processor Paysafe
