The cash-and-stock deal for Melio includes as much as US$500mil in additional performance and other payments over three years. — Bloomberg
WELLINGTON: Xero Ltd, a cloud-based accounting software firm, has agreed to buy Melio Payments Inc for US$2.5bil as the New Zealand company pushes deeper into the US market with its biggest-ever acquisition.
The cash-and-stock deal for Melio includes as much as US$500mil in additional performance and other payments over three years, according to a statement yesterday, confirming an earlier report by Bloomberg News.
