Industry Update: Payment Services
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Payment Services industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On March 4, 2021, Square, Inc. announced that it entered into a definitive
agreement to acquire a majority ownership stake in TIDAL, the global music
and entertainment platform that brings fans and artists together through unique music, content, and experiences. Square expects to pay a mix of cash and stock of $297 million for a significant majority ownership stake.
- On April 1, 2021, WEX, a leading financial technology service provider,
announced that it completed the previously announced acquisition of certain
health savings account assets of HealthcareBank, the custodian bank for
customers of WEX’s Health division, for $250 million.
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