Fidelity National Information Services has agreed to buy payment processor Worldpay for about $35 billion.
U.S. fintech group Fidelity National Information Services has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry.
U.S.-based Fiserv bought payment processor First Data in January for $22 billion. In Europe, startups such as Italy's Nexi plan to list, capitalizing on booming interest in the industry fueled by surging online sales. Worldpay shareholders will receive 0.9287 FIS shares and $11 in cash for each share held, valuing the company at $112.12 per share — a premium of about 14 percent based on the stocks' Friday closing, according to Reuters calculations.Upon closing, FIS shareholders will own about 53 percent and Worldpay shareholders about 47 percent of the combined company.
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