Fiserv, Inc., a provider of information technology services to the financial industry, announced the completion of its acquisition of CheckFree Corporation, which offers financial electronic commerce services and products, including electronic bill payment and Internet banking. Under terms of the transaction, Fiserv acquired CheckFree for approximately $4.4 billion in cash, or $48 per share.

“Combining our two companies’ broad range of market-leading capabilities will provide a platform to deliver unprecedented innovation in financial services technology,” says Jeffery Yabuki, president and CEO of Fiserv. “CheckFree’s key strengths will accelerate our Fiserv 2.0 strategies resulting in a client value proposition unrivaled in the market today.”

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