Through the transaction, FIS will purchase Global Payments’ issuer-solutions business for a net purchase price of $12 billion, while Global Payments intends to buy Worldpay, which is 45% owned ...

“We’re hearing very strong commitments [from clients] to them. It’s very positive all around.” For the quarter, FIS reported $2.5 billion in total revenue, up 4% year-over-year. For Global Payments, ...

Global Payments has agreed to sell its issuer solutions business to FIS for $13.5 billion while acquiring Worldpay from investment firm GTCR and FIS for $22.7 billion. It's designed to reduce bank ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Global Payments plans to acquire merchant services ...

Global Payments will acquire FIS' minority stake in Worldpay in exchange for Global Payments' Issuer Solutions business. It will also acquire the remaining stake in Worldpay from GTCR. Global ...

Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from ...

(Reuters) -Global Payments has agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.25 billion in a three-way deal, sharpening its focus on merchant services in its race for ...

In selling its Issuer Solutions unit to FIS for $13.5 billion, Global Payments is divesting a unit for back-end financial processing that has long been viewed as a stable provider of growth.

The stock moves suggest FIS came out on top in the recently announced transaction. But some analysts see logic in Global Payments' latest move. The payment-technology world is getting a shakeup ...

Global to buy Worldpay from FIS and GTCR for cash and stock To sell issuer solutions unit to FIS for $13.5 billion Deals will focus Global on merchant payments, FIS on banks As part of the deal ...