Priority Technology CEO to Take Firm Private in $1.6 Billion Deal
An investor group led by Priority Technology's CEO will acquire the payment-technology company for approximately $1.6 billion.
Business & Markets • 5 hours ago
Priority Technology, a payment-technology company, has agreed to be taken private by an investor group. The deal, led by the firm's chair and chief executive Thomas Priore, values the company at an enterprise value of about $1.6 billion.
The transaction marks a significant move for the publicly traded company as it transitions to private ownership. Further details regarding the terms of the agreement and the expected timeline for the transaction's completion have not yet been disclosed.