On January 16, 2019, Fiserv, Inc. (Fiserv) and First Data Corporation (FDC) announced that their boards of directors had approved the definitive merger agreement between the two companies in which Fiserv would acquire its rival FDC in an all-stock deal. Jeffery Yabuki (Yabuki), President and Chief Executive Officer of Fiserv, said, “Through this transformative combination, we expect to redefine the manner in which people and institutions move money and information.” Frank Bisignano (Bisignano), Chairman and CEO of FDC, commented, “I have long admired what Fiserv has achieved over the years, and I look forward to working with the talented associates of both companies as we set a higher standard of innovation and service in the industry.”..

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