Ally Financial Acquires Fair Square Financial for $750M
October 21, 2021
Ally Financial announced a definitive agreement to acquire Fair Square Financial for $750 million in cash, completing the deal in late 2021. The acquisition gives Ally a ready-made digital credit-card platform and consumer credit capabilities as it re-enters the credit-card market.
- Buyers
- Ally Financial Inc.
- Targets
- Fair Square Financial
- Industry
- Financial Services
- Location
- Delaware, United States
- Transaction Type
- Buyout
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