Fidelity will pay $ 43 billion for Worldpay
US-based financial services giant Fidelity National Information Services Inc. ( FIS) will buy Worldpay Inc., an online payment processing company, for $ 34 billion in cash and equity.
The agreement will be the biggest deal in the international payment sector.
According to a statement released by the two companies on Monday, Florida -based Fidelity's debt to Worldpay is also $ 43 billion.
The current shareholders of FIS will have about 53 percent of the company after merger , and 47 percent of Ohio-based Worldpay investors.
Worldpay investors will receive $ 11 and 0.9287 FIS in cash per share. FIS shares closed last week at $ 112.12. Worldpay's US-traded shares closed on Friday at $ 98.68.
According to the Boston Consulting Group and Swift's report, the total turnover of the payments sector is expected to reach $ 2.4 trillion by 2027.
