FIS's purchase of Worldpay is the second big deal in the payments space in 2019 as traditional players look to come together.
have come to agreements in an effort to compete with newer streaming services such as Netflix and Amazon.
Most analysts who studied the FIS-Worldpay deal are positive or neutral, categorizing it as a strategic move following the Fiserv-First Data deal that gives the company scale. One note from SunTrust Robinson Humphrey raised issue with risk exposure FIS would get to big box retail chains, such as Target or Walmart, through buying a payment processor like Worldpay that deals in that space.is viewed by some analysts as the most likely candidate.
Another analyst suggested London-based tech giant Finastra would also be interested in combining with others in the space as well. On the payments processing side, the analyst said two large, independent players stood out: Total System Services and Global Payments
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIS buying Worldpay in $43 billion cash-and-stock dealFinancial services technology group FIS said Monday that it will buy e-commerce and payments group Worldpay Inc. in a cash and stock deal that values the latter at $43 billion. Under terms of the deal, which includes the assumption of debt, Worldpay shareholders will receive 0.9287 FIS shares and $11 in cash per share. At the deal's closing, FIS shareholders will own 53% of the combined company and Worldpay shareholders will own 47%. The new company will have around $12.3 billion pro forma 2018 annual revenue, and FIS' organic revenue growth outlook will accelerate to a range of 6% to 9% through 2021. The company expects $500 million of revenue synergies, $400 million of run-rate expense synergies, which refers to the full-year impact of an event that has occurred for a portion of the year, and nearly $4.5 billion of free cash flow in three years.
Read more »
Payment processing company Worldpay is getting bought by US firm FIS in $43 billion dealWorldpay surged more than 10% in premarket trading. Worldpay, once part of RBS, allows secure card payments online, card processing machines or by phone.
Read more »
U.S. fintech FIS to buy payment processor Worldpay for about $35 billionU.S. fintech group Fidelity National Information Services Inc (FIS) has agreed t...
Read more »
FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats UpPayment consolidation is alive and kicking with Fidelity National Information Services agreeing to pay $35 billion to acquire Worldpay of the UK.
Read more »
U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanzaFidelity National Information Services Inc (FIS) agreed to buy Worldpay for abou...
Read more »
FIS and Worldpay agree on a $43bn mergerThe race to create a global payments giant is shifting up a gear
Read more »
Fidelity National Information Services to Buy Worldpay for $35 BillionFIS has agreed to acquire Worldpay 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.
Read more »
U.S. fintech to buy Worldpay as electronic payments business boomsU.S. fintech Fidelity National Information Services Inc (FIS) has agreed to buy ...
Read more »
Payments hype reaches new peak with $43 bln dealU.S. fintech group FIS is buying processor Worldpay for 20 times forward EBITDA. While there’s logic to rolling up companies with fixed costs and sticky clients, the price is punchy even for the fast-growing payments sector. The buyer’s own numbers imply disappointing returns.
Read more »