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Global Payments is nearing an agreement to acquire Total System Services for roughly $20 billion in latest fintech deal


Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC.

The people requested anonymity because the talks are confidential.

Total System’s stock skyrocketed after the CNBC report. In early afternoon, it was up nearly 14%; Global Payments stock gained 3.4%.