AdvertisementAdvertisementBusiness25 Jun 2025 06:10AM (Updated: 25 Jun 2025 06:14AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST (Corrects dateline to June 25 from June 24 with no changes to text)Australia-listed Xero said on Wednesday it would buy U.S.-headquartered fintech firm Melio for an upfront consideration of $2.5 billion.The cash-and-stock deal would also see Melio receiving up to $500 million as part of deferrals and rollovers, laid out over the next three years.The acquisition would allow Wellington-headquarted Xero to integrate accounting and payment solutions on a single platform.Melio, which has offices in New York and Tel Aviv, provides digital bill payment solution for small business.The deal would be funded through a placement of $1.2 billion, a $400 million unsecured credit facility, among others.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST