Posted by PYMNTS
FinTech Mergers a-Plenty, While in Trump Era, Fewer Fines for Firms
On the regulatory front, last week saw a bit of news about mergers – actually, more than a bit.
Specifically, the agreement for US credit card processing company Vantiv to buy Worldpay, was finalized for $10.4 billion. The combined entity, using annual data at the end of 2016, will be processing at least $1.5 trillion in payment volume across 40 billion transactions spread throughout more than 140 countries. Pro-forma, the merger creates a firm with more than $3.2 billion in annual net revenue.
The merger, of course, spotlights a trend of consolidation within the payments space, and to be sure, in terms of size and scope, the Vantiv deal is one for the record books. But turning the page in that book begs the question about a smaller deal, at $1.2 billion, but with far-reaching implications: Whither the Ant Financial/MoneyGram deal?
As was noted late last month in the New York Post, Republican Rep. Chris Smith (R-N.J.), who serves as co-chairman of the Congressional Executive Committee on China, said that Ant Financial should in fact be blocked from snapping up MoneyGram, chiefly because Ant is 15 percent owned by the Chinese government.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI