Euronet to Acquire CoreCard for $248 Million

Euronet Worldwide has agreed to acquire CoreCard Corporation in a stock-for-stock merger valued at approximately $248 million, with CoreCard shareholders set to receive $30 per share or between 0.2783 and 0.3142 Euronet shares for each CoreCard share, depending on Euronet’s stock price at closing. The deal, approved by both boards, is expected to close in late 2025, pending CoreCard shareholder approval and other customary conditions. Euronet anticipates the transaction will be accretive in the first full year after closing and plans to integrate CoreCard’s credit-card technology into its global infrastructure. CoreCard’s platform, known for powering co-branded credit cards such as with Goldman Sachs, will enhance Euronet’s offerings. Following the announcement, CoreCard shares rose by 10% as investors responded positively to the merger’s growth prospects. The acquisition aims to accelerate Euronet’s digital transformation and strengthen its presence in the credit issuing market.