Nov 8 (Reuters) - Software services provider Bill Holdings (BILL.N) is in advanced talks to acquire Melio Payments, a provider of digital payment tools, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
The transaction values Melio at $1.95 billion, according to the report, which added that the cash-and-stock deal could be announced as soon as this week.
Bill Holdings' shares were down more than 13% at $54 in extended trading.
Bill Holdings did not immediately respond to a Reuters request for comment, while Melio could not be reached for comment.
Last week, Bill Holdings forecast annual and second-quarter adjusted net income below expectations as some of its larger businesses scale back spending.
Persons:
Bill, Melio, Granth, Shilpi Majumdar, Shounak
Organizations:
Software, Bill Holdings, Melio, Bloomberg, Bloomberg News, Thomson
Locations:
Bengaluru