According to Bloomberg, FIS will also assume Worldpay’s debt, bringing the enterprise value of the deal to about USD 43 billion. FIS’s current shareholders will own around 53% of the combined company, while Worldpay’s investors will hold 47%.
The combined company will serve the “high-growth ecommerce industry” and will have a combined revenue of about USD 12 billion. Revenue in the payments industry is projected to surge to USD 2.4 trillion by 2027, according to a report from Boston Consulting Group and Swift. The rise is driven by a change in consumer habits when it comes to paying for goods and services.
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