SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal

by Aurelia Butler 8 April 2020, 09:40 179 Views

In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial Technologies. According to a CNBC report, the payment will consist of $75 million in cash, $875 million in stock, and $250 million in seller financing debt.

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SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal

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