Fiserv, a US provider of financial services technology, and First Data Corporation, a global leader in commerce-enabling technology, agreed to a $22bn merger to create a global leader in FinTech and payments. The consideration represents $22.74 based on closing prices as of January 15, and a premium of 29% to the five-day volume weighted average price as of that date. "Through this transformative combination, we expect to redefine the manner in which people and institutions move money and information. We admire First Data for its excellence in merchant acquiring and global issuing services, and the tremendous progress they have made under Frank’s leadership. We expect this combination to catalyze and support an enhanced value proposition for our collective clients and their customers," Jeffery Yabuki, Fiserv President and Chief Executive Officer.