Canadian payments firm Nuvei is in advanced discussions to acquire Payoneer Global. The potential deal values the cross-border payments company at approximately $2.7 billion. This price includes Payoneer's cash, implying an enterprise value of roughly $2.3 billion.
Payoneer (PAYO) stock surged over 25% following the news. The acquisition would merge Nuvei's merchant payment services with Payoneer's network for supplier and freelancer payments.
Sources suggest the parties could finalize an agreement in the coming days. However, talks remain ongoing and a deal is not guaranteed. Payoneer declined to comment on the report.