It's interesting that KKR seems to have orchestrated the Fiserv and FirstData "merger", probably because they were likely to lose too much money in their typical 'milk the cow and then send it to sla-ghter' private equity acquisition methodology. Note that Fiserv took at $17 billion of debt from FirstData, which was KKRs method to pass on the debt from their bad FirstData investment.
Upper executives are 'milking the cow' as we post as well. It makes one wonder, if KKR itself, gives Frank and team directives to achieve a slim cow strategy to prop up the stock for as long as possible which allows for Executives and KKR to ra-e and pillage Fiserv at the expense of everyone else?
All policies are simply a lever to drive down costs and prop up the veneer of revenue sustainment. Eventually more pieces of Fiserv will be sold off, the question is which ones and at what time?
Fiserv buys back stock to maintain or increase stock price (which is handled by KKR, no less) and then KKR sells the stock at an inflated price to regain their "investment".
https://www.moomoo.com/news/post/4904464/kkr-cashes-in-some-of-its-fiserv-chips-market-talk?level=1&data_ticket=1720468616180157