Companies
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March 17, 2024 at 8:45 pm.
Nuvei Corp, the Canadian payment processor backed by actor Ryan Reynoldsis in advanced talks with private equity firm Advent International for an acquisition wall Street Journal, Citing people familiar with the matter.
According to the newspaper, The agreement could be announced soon, although the talks may fail. Montreal-based Nuvei did not immediately respond to a request for comment.
The company that Provides payment services for the sports betting industry, Its market capitalization is 4.1 billion Canadian dollars (3 billion US dollars). YesOur shares are down 49% in the past year.
After what Reynolds invested in Nuvei last April In a deal that did not disclose financial terms, Spruce Point Capital Management published a critical report on the payments company, marking the second time a short seller has gone after the company.
In part, The report questioned the $1.3 billion acquisition of payments platform Paya Holdings Inc. By Nuvei last year.
Bloomberg
Grace Montgomery writes for News Collective, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.