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Tech Giant MegaCorp Acquires FinTech Startup for $1.2 Billion in Strategic Deal

Summary

MegaCorp announced today its acquisition of FinTech startup PayWave for $1.2 billion, aiming to expand its digital payments portfolio. The deal, finalized after months of negotiati

MegaCorp announced today its acquisition of FinTech startup PayWave for $1.2 billion, aiming to expand its digital payments portfolio. The deal, finalized after months of negotiation, is one of the largest in the fintech sector this year, Bloomberg reported. PayWave’s technology will integrate with MegaCorp’s existing financial services, targeting increased market share in Asia and Europe. Analysts suggest this move positions MegaCorp to compete more aggressively with rivals in the fast-growing digital payments space. The acquisition is expected to close by Q2 2026, pending regulatory approval.
Feb 17
Tech Giant MegaCorp Acquires FinTech Startup for $1.2 Billion in Strategic Deal

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