On Wednesday, Bloomberg News reported that Bill Holdings, the provider of software-as-a-service, cloud-based payments, and spending and expense management products, is in advanced talks to acquire Melio Payments, a digital payment tools broker, according to people with knowledge of the matter.

According to the Bloomberg report, the deal will value Melio at $1.95 million. It is expected the cash and stock deal may be publicly announced as early as this week.

In extended trading, Bill Holdings’ share price was off by over 13% at $54 following the news.

Bloomberg noted that although the discussions are presently at an advanced stage, it is still possible they could falter, or become delayed, and the terms of any deal are subject to unexpected changes.

Bill Holdings did not respond to Reuters’ request for comment immediately, and Melio could not be reached for comment.

Bill Holdings issued forecasts last week for its annual and second quarter adjusted net income which were below analyst expectations. Meanwhile it has announced it is scaling back spending at some of its larger businesses.