Fiserv has said that this is the final offer they will make to Monetise, unless a third-party becomes involved.
After an initial deal for Fiserv to acquire UK firm Monitise collapsed, the offer has been increased by £5 million to a total of £75 million, a sum that has now been agreed.
Shareholder discontent regarding the £70 million offer in June was the cause of its failure, but Fiserv have boosted the original figure in a final attempt to strike the deal, stating that the offer will not increase any further unless there is third-party involvement.
Excitement surrounding Monitise has slipped significantly in recent years, having fallen from a valuation of in excess of £1 billion. This caused shareholders to stand firm against the original offer.
The board of Fiserv has reportedly encouraged the defiant shareholders to accept the offer, outlining the continued decline the company is expected to experience.
Fiserv has made strong progress in recent years, having been ranked among the top three technology providers to banks in the United States in regard to revenue in 2015. Revenues remained strong in 2016 at $5.51 billion.
British mobile payments company Monitise has experienced downward business trajectory since its peak in 2014, this was accelerated significantly in 2015 when Visa decided to gradually sell off its significant 5.3 per cent stake in the company.
Also in 2015, Telefonica made the move to work together on a cloud platform targeting the efficient delivery of software-as-a-service products; this agreement was building on an initial one implemented in 2013.
Santander was also involved with Monitise in 2015, when the duo agreed to deliver a fintech venture builder that would require 50 per cent participation from the two. The two companies also put £10 million each toward this initiative.
Despite this forward thinking approach, Monitise has proven unable to steady its slipping progress in the run up to the issuance of this most recent and final acquisition offer from Fiserv.