Blog article
See all stories ยป

An article relating to this blog post on Finextra:

ACI makes offer for S1

Payments outfit ACI Worldwide has made a $540 million cash and stock takeover move for S1 Corporation, urging the latter's shareholders to spurn a proposed merger with Fundtech.


See article

Love triangle drama in Payments Close

Just when you thought payments couldn't stir up a bit of intrigue, the payments space gives us a juicy bit of M&A love triangle drama worthy of the cheesiest, Susan Lucci-top billing, daytime soap opera (those in the US know what I'm talking about).

The talk of this year's EBADay was "Who's going buy Fundtech?" A week or so later, we got our answer - S1. An answer that, frankly, surprised me - I had my money on ACI. 

Now, it looks like my money wasn't *that* far off. ACI has come in offering to buy up S1. However, the deal will only go through if, and here's where the bitchy, *cue the music* catch is - only if they let go of their desire to acquire Fundtech. "Lose the bit on the side, S1 love, and sugar daddy ACI will pay all your credit cards bills".

I'm predicting a show down involving a slap-fest and possibly an outdoor water feature. OK, so in reality, this will probably involve a room full of dark suited lawyers - but in my head I want George Ravich to get, at least, one scene with Susan Lucci. 

6725

Comments: (2)

George Ravich
George Ravich - Ravco Marketing, LLC - Wilton 27 July, 2011, 16:14Be the first to give this comment the thumbs up 0 likes

Liz - I want a scene like that too....can you arrange?

Elizabeth Lumley
Elizabeth Lumley - Girl, Disrupted - Crayford 27 July, 2011, 16:57Be the first to give this comment the thumbs up 0 likes

I'll have her people call your people, George!

Elizabeth Lumley

Elizabeth Lumley

Global FinTech Commentator

Girl, Disrupted

Member since

05 Nov 2007

Location

Crayford

Blog posts

165

Comments

173

More from Elizabeth

This post is from a series of posts in the group:

EBAday

EBAday is the annual event for European payments professionals organised by Finextra and the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on instant payments, open banking and new developments in payments processing and technology.


See all