FIS to Buy Worldpay, an E-Commerce Payments Processor, for $34 Billion

FIS to Buy Worldpay, an E-Commerce Payments Processor, for $34 Billion

LONDON — The financial technology provider Fidelity National Information Services agreed on Monday to buy Worldpay for about $34 billion, in a bid to become a powerhouse in the global payments sector.

The deal is among the biggest in the industry, as companies race to capture a share of the booming payments market. Companies like Worldpay are often invisible to consumers, but they process the escalating number of e-commerce transactions and purchases made through contactless payment systems like Apple Pay.

That growth has already driven some big deals. In January, Fiserv agreed to buy another big processor, First Data, for about $22 billion.

Acquiring Worldpay, a former unit of the Royal Bank of Scotland that itself has grown through acquisitions, would give Fidelity National Information Services — known as FIS — a formidable presence in the e-commerce market. Worldpay says that it processes about 40 billion transactions a year.

FIS itself provides software for processing credit-card transactions and other services for banks, and it has also grown through acquisitions, including a $5 billion deal to buy SunGuard in 2015.

“Scale matters in our rapidly changing industry,” Gary Norcross, FIS’s chairman and chief executive, said in a statement on Monday.

The merger still requires approval of shareholders and may come under regulatory review.

Under the terms of the deal, FIS will pay 0.9287 of a share and $11 in cash for every share of Worldpay. As of Friday’s closing prices, that is about $112.12, or 14 percent higher than where Worldpay’s stock closed.

Including the assumption of Worldpay’s debt, the deal’s overall value is about $43 billion.

The combined company will keep FIS’s name and headquarters in Jacksonville, Fla., the companies said. Mr. Norcross will remain chairman and chief executive, and FIS will hold seven of 12 board seats.

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