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
Location
Delaware, United States
Transaction Type
Buyout

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