Vantiv and Worldpay agree on USD 10 billion merger

Thursday 10 August 2017 00:20 CET | News

Vantiv has secured a USD 10 billion deal to buy UK-based Worldpay. The two companies will merge under the Worldpay name.

Vantiv made a bid to acquire Worldpay in July, but it took several weeks to reach an official agreement as the two companies disagreed over governance and safeguarding British jobs. The new company will have its headquarters in Cincinnati, with a primary listing in New York and a secondary one in London.

The companys international operations will be run from London, but representatives have not offered any formal guarantees for jobs in Britain where Worldpays UK division employs about 1,200 of its roughly 5,000 employees.

For more information about Worldpay, please check out a detailed profile of this company in our dedicated, industry-specific online payments company database.

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Keywords: Vantiv, WorldPay, merger and acquisition, payment provider, US, UK
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce