Deals
IPayment Said to Be Exploring Options Including a Sale
- Company said working with JPMorgan to review options
- Payments processor taken private in 2006 may fetch $1 billion
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IPayment Inc., a payments processor for more than 150,000 U.S. merchants, is exploring options including a sale that could value the company at as much as $1 billion, people with knowledge of the matter said.
The company is working with JPMorgan Chase & Co. on a strategic review, said the people, who asked not to be identified because the information is private. IPayment would probably attract interest from both private equity firms and peers should it proceed with a sale process, the people said.