FIS to acquire Worldpay for about $35 billion, in one of the biggest transactions in the fast-consolidating payments sector
Fidelity National Information Services said Monday it has agreed to acquire Worldpay Inc. for about $35 billion in cash and stock, creating a global payments giant in a bid to reach more customers as merchants and their clients complete an increasing number of transactions online.
The deal marks one of the biggest transactions in the fast-consolidating payments sector that is under pressure to cut costs, develop new products and add customers. It comes at a time of greater regulatory scrutiny and rising competition from technology...
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