US payment firm Vantiv buys Worldpay for $12.1b

AFP, LONDON: US card payment processing giant Vantiv has agreed to buy British peer Worldpay for £9.3 billion ($12.1 billion, 10.3 billion euros), the pair said Wednesday.

The vast deal creates a leading international e-commerce payments provider that processes $1.5 trillion in payments and 40 billion transactions per year in 146 countries and 126 currencies, they said in a statement.

The new group—which will be called Worldpay—will have a combined stock market value of approximately £22.2 billion.

“The boards of directors of Vantiv and Worldpay are pleased to announce that they have reached agreement on the terms of a recommended merger of Worldpay with Vantiv ... in the form of a recommended offer,” they said in a statement to the London Stock Exchange.

US payment firm Vantiv buys Worldpay for $12.1b

AFP, LONDON: US card payment processing giant Vantiv has agreed to buy British peer Worldpay for 9.3 billion ($12.1 billion, 10.3 billion euros), the pair said Wednesday. The vast deal creates a leading international e-commerce payments provider that processes $1.5 trillion in payments and 40 billion transactions per year in 146 countries and 126 currencies, they said in a statement. The new groupwhich will be called Worldpaywill have a combined stock market value of approximately 22.2 billion. The boards of directors of Vantiv and Worldpay are pleased to announce that they have reached agreement on the terms of a recommended merger of Worldpay with Vantiv ... in the form of a recommended offer, they said in a statement to the London Stock Exchange.