Tuesday, October 29th, 2019
Fidelity National Information Services Inc. (FIS) has recently announced that its transaction to take over global payment-processor WorldPay has come to a close. If this is what you’re interested in, and if you want to discover an exceptional merchant-services provider in the UK that can help you grow your business with ease, this article is just for you.
FIS Deal to Acquire WorldPay
This major player in the world of card-payment processing plays a special role, especially in Britain. When it comes to FIS, the latter is involved in the development of software for banks, asset managers, and its financial service-outsourcing business.
Based on the deal contract, the shareholders of the payment processor are to get 0.9287 FIS shares and $11.00 per share held. The new entity is to take the acquirer’s name. Nearly 53% of the new company is to go to FIS’ shareholders, and roughly 47% stake is to go to the processor’s shareholders.
The main office is to be located in Jacksonville. The combined entity has over 50.000 employees and is to carry Pro-forma revenue that makes up more than $12 billion.
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FIS Deal Opens New Payment Opportunities
The modern payments industry is working on cutting costs and expanding offerings. According to FIS Chief Executive Gary Norcross, scale matters in today’s fast-changing industry. As Norcross further notes, FIS deal is going to expand the company’s business internationally to a great extent.
Moreover, Norcross believes that such partnership will help their customers to benefit from the new opportunities brought about by the expansion and reach greater success in today’s rapidly-changing marketplace.
Norcross says he couldn’t have more optimism about the future of FIS. The new innovative solutions and advancements offered by them are going to bring a breath of fresh air into the world of payments.
According to Research Director, Global Payment Strategies at IDC Financial Insights Rivka Gewirtz Little, the combined company will enable customers around the globe to enjoy unprecedented payment solutions.
To sum up, Fidelity National Information Services Inc. has recently announced its intention to acquire WorldPay for about $35 billion. This way, the famous US payment-services provider is making the biggest deal in today’s rapidly-growing digital-payments industry.