Major Fintech Transactions: Global Payments Acquires Worldpay and Divests Issuer Solutions
In a transformative move in the fintech sector, Global Payments has announced agreements to acquire Worldpay for approximately $24.25 billion. This strategic acquisition positions Global Payments as a leading player in the merchant services market. Concurrently, Global Payments will divest its Issuer Solutions business to FIS for around $13.5 billion. These significant deals mark a major reshaping of the financial processing landscape, with FIS also selling its stake in Worldpay as part of the transaction. The agreements highlight the ongoing consolidation in the fintech industry as companies look to strengthen their service offerings and market positions.
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