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EU: Fidelity National to gain OK for US$35B Worldpay purchase

By  |  July 1, 2019
EU antitrust regulators are set to approve without conditions a $35 billion bid by US financial services provider Fidelity National Information Services for payments company Worldpay, people familiar with the matter said on Monday.

The deal, announced in March, is the biggest in the fast-growing electronics payments industry which has seen a wave of consolidation recently.

A merger between the two companies would be the largest in the payments industry, which has experienced a boon in recent years as more people turn to the digital economy for online purchases.

Global digital payments are expected to top $3 trillion after topping out at about $137 billion in 2017, according to research company The Business.

Full Content: The Street

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