Motive partners acquires majority interest in investment services business of fiserv

Motive partners acquires majority interest in investment services business of fiserv.motive partners - entered into agreement under which motive partners-led investors will acquire up to 60% of investment services business of fiserv.motive partners- retaining a 40% equity interest in business, fiserv will receive approximately $510 million in net after-tax proceeds.fiserv inc - newly formed joint venture will continue to be led by cheryl nash, president of investment services at fiserv.motive partners- transaction expected to be slightly dilutive to adjusted earnings per share of fiserv in 2020..
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