Vantiv Acquires Worldpay for $10 Billion: Everything Investors Need to Know
The past couple of years have seen a number of acquisitions, mergers, and consolidation in the payments industry. Some of the highlights include:
It appears further consolidation is coming to the industry. Last year, Vantiv Inc (NYSE: VNTV) processed almost 21.2 billion transactions, a 19.9% increase year over year, on its payment processing hardware. That was enough to surpass First Data as the leading merchant acquirer in the United States. Vantiv's processed transactions look to substantially increase again after the company finally made a formal offer to acquire London-based Worldpay Group.
Last month, news leaked that Vantiv intended to acquire Worldpay for approximately $10 billion, but weeks passed before a deal was officially tendered. Investors finally got a chance to see what the final deal will look like when executives from the two companies jointly announced their second-quarter results and took questions from analysts.
Source: Fool.com
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