16th Sep 2025 11:39
(Alliance News) - The UK Competition & Markets Authority on Tuesday said it has launched an investigation into payment technology firm Global Payments Inc's planned USD24.25 billion acquisition of Worldpay Holdco LLC.
Back in April, Global Payments agreed to divest its Issuer Solutions business to Fidelity National Information Services Inc for USD13.5 billion. FIS is a Jacksonville, Florida-based financial products and services company.
Atlanta, Georgia-based Global Payments also agreed to acquire Worldpay, the payment processing company owned by FIS and Chicago, Illinois-based private equity firm GTCR LLC.
The net purchase price of the acquisition is USD22.7 billion, for a total value of USD24.25 billion, including USD1.55 billion of anticipated tax assets.
In July, the UK's market watchdog issued a preliminary invitation to comment on the merger, with it deciding to launch a merger inquiry on Tuesday this week.
The CMA noted a deadline of November 11 for its phase one decision.
Shares in Global Payments were 0.1% lower at USD84.08 during pre-market dealings in New York on Tuesday, while FIS shares closed were flat at USD66.93, having closed up 0.1% on Monday.
By Christopher Ward, Alliance News reporter
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