Mar 18, 2019
WorldPay payments firm in $43bn sale to US rival
A UK payment processing firm that used to be owned by Royal Bank of Scotland has been sold in a deal worth $43bn. WorldPay has been bought by Fidelity National Information Services for $35bn in cash and shares, plus WorldPay's debt. FIS chief executive Gary Norcross said "Scale matters in our rapidly changing industry". WorldPay was sold by RBS as a condition of the bank's financial crisis bailout. The value of the FIS purchase means Worldpay is worth about £8bn more than RBS. Last October, BT poached WorldPay's co-head Philip Jansen to replace Gavin Patterson as chief executive of the telecoms group.
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