$11.75 Billion Acquisition Deal Excites U.S. Payment Provider Sector

Reports that Vantiv and Worldpay have reached a preliminary agreement

The US and UK payment provider sectors has been stimulated by the news this week that a preliminary agreement has been reached between sector giants Vantiv and Worldpay that could see an $11.75 billion acquisition of the latter group.

Vantiv has reportedly offered receptive UK rival Worldpay $11.75 billion, although analysts are divided on the per share value, with some claiming that it should be higher.

Worldpay floated on the London exchange last year, and has identified online gambling as one of its key five verticals. If the Vantiv offer is accepted and approved by the regulators, Worldpay shareholders would hold 41 percent of the merged companies.

In the event of a successful merger, the combined companies would initially be managed by the current chief executives, Vantiv’s Charles Drucker and Philip Jansen of Worldpay, with head office services in both the UK and the US.