Nuvei in advanced talks to acquire Payoneer for $2.7bn

The Canadian payments processor Nuvei is in advanced talks to acquire cross-border payments provider Payoneer Global for approximately $2.7 billion, according to multiple reports. While a definitive agreement could be signed within days, sources caution that negotiations remain fluid and a deal may not materialize.

The proposed purchase price includes Payoneer's cash holdings, implying an enterprise value of about $2.3 billion. News of the potential acquisition, first reported by Reuters, sent Payoneer's stock surging by more than 24 percent on Tuesday, June 9, closing at $6.39. The company's market capitalization reached approximately $2.15 billion, still below the reported offer price, indicating market skepticism about the deal's completion.

Nuvei, based in Montreal, was taken private in a $6.3 billion transaction led by private equity firm Advent International in April 2024. The company provides payment processing, risk management, and payout solutions to merchants globally. Payoneer, headquartered in New York, facilitates cross-border payments for freelancers, online marketplaces, and small businesses, supporting transactions in 70 currencies and serving clients including...