FINTECH ACQUISITION CORP. VI FinTech Acquisition Corp. VI (NasdaqCM:FTVI) is in talks to merge with a unit of African telecommunications conglomerate Econet Global, according to people with knowledge of the matter. The deal would seek to value the unit, Cassava Technologies, at $4 billion or more, one of the people said, asking not to be identified discussing private information.
Deliberations are ongoing and may not result in a transaction, the people said. A representative for Fintech Acquisition declined to comment. Representatives for Econet didn't immediately respond to requests for comment.
“We continuously review our capital structure and consider all opportunities,” a representative for Cassava said in a statement. “Our primary focus is to continue to strengthen our position as a pan-African technology leader with a clear vision to accelerate Africa's digital transformation".
