TPG, Corpay to buy AvidXchange for $2.2 billion
06/05/2025 22:15
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. (Reporting by Kritika Lamba in Bengaluru; Editing by Leroy Leo) ((Kritika.Lamba@thomsonreuters.com;))
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