Blackstone Group Consortium Makes Strong Bid for Paysafe

[kreslik.news]

Blackstone Group, along with CVC Capital Partners, has made a $3.71 billion bid for Paysafe Group (LSE:PAYS), a UK-based payment services provider, in a move that is in line with the times as many credit card companies and banks have been targeting payment firms in recent days, according to a CNBC report.

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Paysafe is an obvious target for equity funds and others looking to gain a foothold in the payments industry, as users increasingly shift from using cash to using mobile wallets for making payments for goods and services.

This is an all-cash ... (read more)