PE Firm Motive Partners Weighs Potential Takeover Of ACI Worldwide

Private equity firm Motive Partners is in talks to snap payments software provider ACI Worldwide, Inc (NASDAQ:ACIW).
The financial terms of the deal remain undisclosed.
Motive has been seeking financing in recent weeks for a potential deal for ACI, Bloomberg reports citing familiar sources.
Reportedly, ACI, which has long been a takeover target, is working with a financial adviser to field takeover interest.
ACI offers various payment services to banks, merchants, and other customers, including a platform for handling in-store transactions and fraud-detection services.
Former JP Morgan Chase & Co (NYSE:JPM) executive Blythe Masters founded Motive invests across technology-enabled financial and business services in North America and Europe.
In March, ACI reported a fourth-quarter revenue decline of 3.2% year-on-year to $451.81 million, beating the consensus of $426.81 million.
EPS of $1.00 beat the consensus of $0.91.
Price Action: ACIW shares closed higher by 13.6% at $25.78 on Thursday.