Vista Equity Partners LLC is selling off parts of Dallas-based Active Network for a tidy profit of about $150 million.
Global Payments Inc. will buy the communities and sports divisions of Active Network for $1.2 billion, the companies announced Friday. Vista Equity, based in Austin and San Francisco, will retain ownership of Active Network’s outdoors division.
The deal includes about $600 million in stock and about $600 million in cash and is expected to close during the fourth quarter.
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