BRIEF-Financial technology company Adyen to buy U.S. billing platform company Orb

June 11 (Reuters) - Adyen NV ADYEN.AS:

  • ADYEN TO ACQUIRE ORB TO UNIFY BILLING AND PAYMENTS INFRASTRUCTURE FOR ENTERPRISE MERCHANTS

  • TOTAL CONSIDERATION FOR TAKEOVER OF ORB IS $335 MILLION

  • BUYING ENTERPRISE BILLING PLATFORM ORB THROUGH A REVERSE TRIANGULAR MERGER

  • Upon closing, Orb will become an indirect, wholly owned subsidiary managed under an incubator model.

  • The total consideration for the transaction is $335 million, which Adyen will finance entirely from available cash resources.

  • Headquartered in San Francisco, Orb provides an infrastructure engine that tracks real-time usage data and translates complex pricing contracts for global enterprises.

  • Adyen reiterates its previously announced financial objectives, which remain unchanged and are stated independently of the proposed acquisitions of Orb and Talon.One.

Source text: [ID:]

Further company coverage: ADYEN.AS


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