
Corpay and TPG to Acquire AvidXchange for $2.2B
Hey Payments Fanatic!
Corpay and TPG have agreed to acquire AvidXchange for $2.2 billion, valuing shares at $10 and taking the company private. AvidXchange, known for its accounts payable automation software, serves over 8,500 middle-market businesses and has supported corporate payment processing for 25 years.
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