FISERV INC acquired CheckFree Corporation for approximately $4.4 billion (all cash, $48.00 per share), a transaction completed in December 2007, structured as all cash. The deal was a Merger.
CheckFree Corporation operates in Electronic bill payment & online banking, is based in Norcross, Georgia, USA. CheckFree (NASDAQ: CKFR) was a leading provider of financial e-commerce services and products, including online banking, electronic bill payment, and electronic payments infrastructure and services.
CheckFree's industry-leading payment and Internet banking capabilities were expected to significantly accelerate Fiserv's strategic transformation, extending its service platform to the largest financial institutions.
Leader in online banking and electronic bill payment, serving most of the largest U.S. financial institutions and processing more than one billion transactions per year. Integrated into Fiserv following close on December 3, 2007.
CheckFree's industry-leading payment and Internet banking capabilities will significantly accelerate our strategic transformation, extending our service platform to the largest financial institutions.Jeffery Yabuki, President and Chief Executive Officer, Fiserv
Advisory firms were not disclosed for this transaction.