Xero makes US$2.5b US acquisition
The meaty deal will be partly funded through an A$1.85b capital raising.
Xero chief executive Sukhinder Singh Cassidy.
New Zealand-founded and ASX-listed accounting software provider Xero has announced a US$2.5b ($4.b) acquisition of a US payments company, to be part-funded through an A$1.85b ($1.99b) capital raise.
Xero will acquire 100% of Melio Limited, a bill payment platform for small and medium businesses
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