Deals
FIS’s Worldpay Deal Ratchets Up Race for Payments Companies M&A
- Bid comes two months after $22 billion First Data Purchase
- E-commerce seen driving the need to grab more market share
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It’s a race to the top in the international payments industry.
Fidelity National Information Services Inc.’s $35.5 billion deal to acquire Worldpay Inc., the biggest deal ever in the international payments sector, follows by just two months the previous record-holder -- Fiserv Inc.’s agreement in January to pay $22 billion for First Data Corp.