November 18 - 11:11
60D
Elavon to buy payments gateway Sage Pay for $300 million
Payments company Elavon has announced a deal to buy Sage Pay, a well-known and established payments gateway business in the UK and Ireland. The acquisition will cost Elavon, a subsidiary of U.S. Bancorp, $300 million in cash, according to a London Stock Exchange announcement. Elavon said the deal has been made to help its customers grow as the global economy becomes increasingly digital.
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