Payment processor Worldpay agrees to $10 billion acquisition offer from Vantiv

The UK's biggest payment processor, Worldpay Group, has agreed to the terms of an acquisition offer from US rival Vantiv. News of the $10 billion (£7.7 billion) deal sent Worldpay's share price tumbling; while the planned takeover values shares at 385p, they quickly dropped to 368p. Just days ago, Worldpay revealed it had been approached with offers from Vantiv and JPMorgan, and the latter has now ruled itself out of making an official bid. Vantiv's takeover of Worldpay would see the US company spreading into Europe with its POS and online payment services. When the takeover completes, it will effectively… [Continue Reading]