Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
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Worldline nears closing a deal to acquire rival Ingenico as the remedies submitted during a phase I merger investigation are likely to be accepted by EU regulators. Yet, this deal, together with the recent Mastercard-Nets, suggest that the days when a FinTech deal was barely scrutinized by regulators and quickly approved may be gone. More consolidation in the market is expected as companies seek to offer omnichannel payment solutions but from now on, antitrust approvals may cost dearly.
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(Premium) – Fidelity National Information Services (FIS) and Worldpay are closer to get all the necesary approvals for their $34 billion deal after the FTC cleared the operation in April 26. This mega merger isn’t likely to raise antitrust concerns and it may trigger more FinTech/payment M&A in 2019.
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