• Home
  • Contact Us
  • Privacy & Policy
Sunday, May 22, 2022
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
No Result
View All Result
Finances Advise
No Result
View All Result
Home Business

Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says

by admin
March 30, 2021
in Business
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


London-based online payments company Paysafe is set to begin trading on U.S. public markets after merging with blank-check company Foley Trasimene Acquisition II Corp, billionaire business and sports executive Bill Foley told CNBC Monday.

Foley, who set up the special purpose acquisition company, or SPAC, announced in December that it was targeting Paysafe in a deal valuing the firm at about $9 billion, including debt.

“Paysafe … is ubiquitous. It’s just everywhere in terms of the gaming world and digital wallets, e-cash solutions,” he said in a “Mad Money” interview. “We’ll actually go public tomorrow as we start trading on the New York Stock Exchange.”

Foley is the chairman of Fidelity National Financial and the majority owner of the Vegas Golden Knights.

Paysafe, which includes brands such as Income Access, Paysafecard, Skrill and Neteller, is backed by Blackstone and CVC. Companies use Paysafe products to handle credit card, cash and direct-debit transactions digitally. Prepaid cards and digital wallets are other offerings.

Foley, whose SPAC in August raised $1.47 billion, said the company is making plans to penetrate the domestic gaming market, including brick-and-mortar businesses and helping casinos go cashless. Paysafe’s business is primarily done internationally, he said.

The North American gaming market also presents an opportunity as the company hopes to become the “preeminent i-gaming leader” on the continent.

“I’m excited about Paysafe. It’s really a great company,” Foley said. “We’re pretty far along with a couple of different ideas that we’ve been working on concurrently with taking Paysafe public.”

Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39, giving it a valuation of roughly $2.8 billion at the close.

Tags: billcompanyFoleymergeronlinepaymentsPaysafepublicSPACTuesday
  • Trending
  • Comments
  • Latest

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar — triggering a stock market crash of up to 80%

August 28, 2021
27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

August 9, 2021

‘It’s begging to be destroyed’: A stock trader who says he made more than $100,000 shorting the market during the 2008 crash just bet against the S&P 500 — and warns there’s a ‘fair chance’ stocks are about to drop 25%

September 11, 2021

Stocks tanked in the first quarter, and new research shows there should be a reversal by the end of June

April 15, 2022

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(Ok) Plans | Bitcoinist.com

0

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

0

Black Friday Merchants Look to Extend Moment of Retail Optimism

0

Hotshot Snapchat Founders Face a Dilemma: Lie Low or Live Large?

0

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(Ok) Plans | Bitcoinist.com

May 22, 2022
Lira Free Falls Against USD

Lira Free Falls Against USD

May 22, 2022

Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis

May 22, 2022

China Can’t Seem to Stop Bitcoin Mining

May 22, 2022

Recent News

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(Ok) Plans | Bitcoinist.com

May 22, 2022
Lira Free Falls Against USD

Lira Free Falls Against USD

May 22, 2022

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Litecoin
  • Market Insider
  • Personal Finance
  • Stocks

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

We bring the Best and latest Crypto News

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.