KKR to buy First Data for $25.6B

Kohlberg Kravis Roberts & Co. today announced plans to buy First Data Corp. (NYSE: FDC) for $25.6 billion, in what Bloomberg News described as the second-biggest leveraged buyout ever, behind KKR and TPG Inc.’s planned $31.8 billion purchase of Dallas-based utility TXU Corp., announced in February. First Data is the world’s largest processor of credit-card…

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