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- Shift4 Payments Inc. has extended until May 6 its previously announced all-cash tender offer for all outstanding shares of Global Blue Group Holding AG. The $2.5 billion deal for the Swiss company was announced in February.
- Shares in Global Payments Inc. tumbled nearly 17.5% Thursday to $69.46 following the news that the payments firm has offered to buy the big processor Worldpay LLC and sell its issuing business in a deal with FIS Inc. and the private-equity firm GTCR. Under the deal’s terms, Global will buy Worldpay for $22.7 billion from owners FIS and GTCR and will collect $13.5 billion from FIS for the issuing unit.
- ProNovos, a technology firm for the construction industry, and VivaCapital said they will launch QuickPay, a utility aimed at allowing general contractors to pay subcontractors faster.
- Aurora Payments named Avin Arumugam chief product officer. Arumugam, who most recently served as an operating partner at Searchlight Capital Partners, has held executive roles at First Data (now part of Fiserv), PayPal, JPMorgan Chase, and Visa.
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