Priority Technology Holdings will be taken private by an investor group led by CEO Thomas Priore in a $1.6 billion deal. The group will buy all remaining shares at $8.05 each, a 38% premium over the recent share price, with the transaction expected to close in early 2027. The company's board, including an independent committee, unanimously approved the deal, citing it as the best option for shareholders. Priority continues to show strong revenue growth and plans to expand its payment solutions, including new partnerships and acquisitions.
Priority Technology Holdings is the subject of a $1.6 billion go-private deal. For readers following technology stocks, here is Pluang's market snapshot as of Sep 21, 2026 21:32 WIB: 123 of 150 US technology stocks rose today. Notable movers include SMCI at USD 41.27 (+5.56%), NET at USD 341.74 (+5.48%), and GLW at USD 158.11 (+5.33%).
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