Givex is being acquired by Shift4 Payments. Shift4 has agreed to acquire all issued and outstanding shares of Givex in an all-cash deal. Shareholders of Givex will receive $1.50 in cash per share, implying an aggregate equity value for the fintech of approximately $200 million.
“The Givex Team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers,” stated CEO Don Gray. “By combining Shift4’s end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases.”
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