PE Firm Motive Partners Weighs Potential Takeover Of ACI Worldwide - ACI Worldwide (NASDAQ:ACIW)

Private equity firm Motive Partners is in talks to snap payments software provider ACI Worldwide, Inc 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 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.