First Data released this morning that they are to be acquired by the Company: Kohlberg Kravis Roberts & Co. (KKR) for about $29 billion.

This acquisition could in some way affect just about every business that accepts credit cards in the world. First Data is the largest payment processor in the world, and somewhere aroung 60% of all credit transactions are processed through or in some way going through a First Data owned resource.

Link to First Data Press Release »