Nuvei Nears $2.7B Payoneer Acquisition, Stock Jumps 27%
PAYO•Nuvei is in advanced talks to acquire Payoneer for about $2.7 billion, implying an enterprise value of roughly $2.3 billion. Payoneer shares surged over 27% intraday to their highest level in four months, breaching the 200-day moving average for the first time since early 2022.
1. Advanced M&A Talks
Nuvei is reportedly in advanced discussions to acquire Payoneer Global in a deal valued at about $2.7 billion. Negotiations are said to be nearing conclusion, with a signing possible in the coming days.
2. Deal Terms and Valuation
The proposed purchase price includes Payoneer’s cash holdings, implying an enterprise value of approximately $2.3 billion compared with a standalone market capitalization near $1.7 billion. Backers in the talks include private equity firms Advent International, Novacap and CDPQ.
3. Market Reaction
Payoneer shares surged over 27% in a single session, marking the largest intraday gain since May 2022. The stock reached its highest level in more than four months and broke above its 200-day moving average for the first time in over a year.
4. Strategic Rationale
The acquisition would combine Nuvei’s merchant payment-processing platform with Payoneer’s cross-border network spanning over 190 countries and 70 currencies. This deal would significantly expand Nuvei’s footprint in emerging markets and strengthen its partnerships with major online marketplaces.
