CD&R pursues buyout of $40bn card processor Global Payments

CD&R is pursuing a buyout of US card processor Global Payments in a deal valued at $40 billion. This transaction would rank among the largest buyouts in history. Following reports from the FT regarding the potential acquisition, Global Payments shares jumped 12%. The private equity firm is targeting the payments processor in a move that signifies a major shift in the industry, as the company faces a potential takeover of this historic magnitude.