Fiserv to buy First Data for $22 billion
As part of the transaction, Fiserv will inherit $17 billion in First Data debt. Yabuki told Wall Street analysts on a conference call that Fiserv expects to refinance that debt when the deal closes.
Brookfield-based Fiserv Inc. said Wednesday it plans to acquire First Data Corp. in a $22 billion deal that would create a powerhouse financial technology and payments firm.
In the all-stock transaction, Fiserv's chief executive Jeffery Yabuki would become chairman and CEO of the combined...