CoreCard (CCRD) is at risk of losing its credit card business with Apple (AAPL) (APPL), the company’s largest client, with Apple looking to end its partnership with Goldman Sachs (GS), AnnaMaria Andriotis of Wall Street Journal reports. JPMorgan (JPM) is in advanced talks with Apple to take over as the company’s card issuer from Goldman, the Journal previously reported. CoreCard CEO Leland Strange has said publicly that the company could lose its Apple credit card if JPMorgan were to take over, according to the paper. Euronet (EEFT) announced last week it would buy CoreCard for $248M or $30 per share in an all-stock deal.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCRD: