March 18 - 13:03
FIS moves for Worldpay in $35 billion deal
FIS has agreed a deal to buy payments processor Worldpay for $35 billion. It is the biggest deal in the sector to date, with financial services companies consolidating as payment channels online and on the high street grow rapidly. FIS will assume Worldpay's debt, raising the enterprise value of the deal to $43 billion. Worldpay handles approximately $1 trillion worth of transactions every year.
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