Vantiv buys UK payment processing firm Worldpay in $12.1 billion deal

UK payment processor Worldpay is the subject of a £9.3 billion ($12.1 billion) takeover by US rival Vantiv. The merged company will be known simply as Worldpay and will be headquartered in Cincinnati, but run from New York and London. In the deal, Vantiv is paying £8 billion ($10.4 billion) for Worldpay, plus an additional £1.3 billion ($1.7 billion) to cover debts. It is one of the biggest takeovers of a UK company since the Brexit vote of 2016. The takeover was initially agreed in July and it will create a £22.2 billion ($29 billion) operation when the deal completes… [Continue Reading]