Fiserv in Talks with Potential Buyers to Sell Non-Core Business Assets

AI-assisted source summary · not independently verified. Content standards

Fiserv is in talks with multiple parties to sell some non-core business assets, but it is not yet possible to estimate the related revenue; the company raised its cost-savings target from $500 million to $1 billion. The restructuring plan has cut 3,000 contractors and employees; third-quarter net losses were nearly $6 billion, while revenue fell 1% year over year to $5.2 billion, including a $6.45 billion non-cash goodwill impairment related to the restructuring.