FIS and Worldpay have announced that they have entered into a definitive merger agreement. This combination enhances FIS’ acquiring and payment offerings and increases Worldpay’s distribution footprint, accelerating its entry into new geographies.
At the closing, under the terms of the agreement, Worldpay shareholders will be entitled to receive 0.9287 FIS shares and US$11.00 in cash for each share of Worldpay. Upon closing, FIS shareholders will own approximately 53% and Worldpay shareholders will own approximately 47% of the combined company. The combination of stock and cash values Worldpay at an enterprise value of approximately US$43bn, including the assumption of Worldpay debt, which FIS expects to refinance.
FIS and Worldpay have complementary solutions and services encompassing financial institution issuer services, network and merchant services including global leadership in eCommerce, as well as loyalty and fraud solutions benefiting businesses and consumers. Clients should benefit from the combined omnichannel payment and multi-currency capabilities, risk and fraud solutions and data analytics.