Reported 2 days ago
Global Payments has announced its acquisition of Worldpay from FIS and GTCR for $22.7 billion, reinforcing its commitment to merchant services in the competitive payments industry. The deal involves selling its slower-growing issuer solutions unit to FIS for $13.5 billion and is expected to create a payment processing giant serving over six million customers globally. With the transaction, Global Payments aims to leverage Worldpay's online strength while bolstering its own mid-sized business expertise, despite experiencing a drop in stock value amid market fluctuations.
Source: YAHOO