FIS to Buy Worldpay, an E-Commerce Payments Processor, for $34 Billion

www.nytimes.com

Back in January fiserv bought First Data in a $22bn megadeal that propelled fiserv onto the global acquiring stage in a major way. This week FIS said, "hold my beer." As expected, FIS went out and made a major move, acquiring Worldpay (fka. Vantiv) for a whopping $34bn. I'm a bit disappointed that they didn't do something a bit more out of the box (I still maintain that Plaid would be a great acquisition target for either of these businesses) but it's a safe bet that will likely yield positive return over the next few years as consolidation in payments continues. Meanwhile, FIG bankers everywhere are enjoying their weekends...

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