Iyzico, an Istanbul-based payment service provider (PSP) with more than 300 online marketplace customers (400,000 merchants) as well as 30,000 online merchants in Turkey and Eastern Europe, will be acquired by PayU for $165 million in cash. The transaction is expected to close by year-end. Iyzico, whose customers include Worldpay and Concardis, processes transactions in Turkish lira, Iranian rials, U.S. dollars, euros, and British pounds. The company, which has been in business since 2013, raised more than $24 million in funding over six rounds from investors including Amadeus Capital Partners...