FIS announced today that it is buying leading payments processor Worldpay in a $35 billion deal, one of the largest acquisitions ever in the payments space; the deal would create a global giant in payments and back-office financial services since Worldpay is the world’s largest merchant payments processor; the deal values Worldpay’s shares at $112.12 each, representing a premium of almost 14% to Worldpay’s closing stock price on Friday; the combined company expects to generate $500 million in additional revenue and save $400 million in costs. Source.
