0
Wireless

Fiserv to buy Monitise for GBP 70 mln

Wednesday 14 June 2017 | 09:04 CET | News
Monitise has agreed to be acquired for GBP 70 million in cash by Fiserv. Under the deal, each Monitise stockholder will get 2.9 pence per share. The price represents a premium of over 26 percent from the share price of Monitise on the last business day before this announcement. The transaction, which still needs to be approved on different fronts, is expected to complete in the third quarter.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Monitise
Countries: United Kingdom / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Facebook enters crowded UK mobile payments market

Published 23 Nov 2017 13:11 CET | United Kingdom
Facebook recently launched its money transfer via Messenger service in the UK and France. Its AI assistant M will guide users in ...

Fiserv raises takeover offer for Monitise

Published 08 Aug 2017 09:57 CET | World
Fiserv has raised its takeover offer for Monitise, after resistance from the latter's shareholders. The shareholders meeting to ...

Monitise revenues down 16% to GBP 28 mln

Published 24 Feb 2017 09:26 CET | World
Monitise reported revenues of GBP 28.2 million in the six months to December (H1 2017), down 16 percent year on year. However, ...

Monitise narrows losses after sharp fall in costs

Published 09 Sep 2016 09:50 CET | World
Monitise moved to positive adjusted EBITDA of GBP 0.6 million in the second half of its fiscal year, in line with its target ...

Monitise pushes new cloud product as net loss narrows in H1

Published 12 Feb 2016 11:24 CET | United Kingdom
UK-based mobile money specialist Monitise said results for its first half to end December were in line with the company's ...

Monitise forecasts positive EBITDA in H2

Published 22 Jan 2016 09:58 CET | World
UK-based mobile money specialist Monitise has announced that it expects to turn a profit in the second half of its 2016 financial ...

CFO Petzer to step down from Monitise's board

Published 02 Dec 2015 09:11 CET | World
Monitise announced that CFO, Brad Petzer, informed the board of his intention to step down as CFO. Petzer will resign from the ...

Monitise names new CEO as FY sales dip 6%

Published 10 Sep 2015 09:10 CET | World
Mobile money specialist Monitise reported preliminary results for the full year to end June, announced a new CEO and unveiled a ...

Monitise reviews strategy as FY revenues fall short

Published 06 Jul 2015 10:41 CET | World
Mobile money specialist Monitise said it expects to report revenues for its fiscal year to June slightly lower than its earlier ...





+5,500,000
Postpaid Sims added y-o-y
France  |  2017 Q2