TPG, Corpay to buy AvidXchange for $2.2 billion
ReutersMay 6, 2025 9:15 PM
May 6 (Reuters) - Global alternative asset manager TPG TPG.O will partner Corpay to buy payments solution firm AvidXchange AVDX.O for $2.2 billion in an all-cash deal, the companies said on Tuesday.
The announcement sent AvidXchange's shares soaring about 20% in extended trading.
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