$11.75 Billion Acquisition Deal Excites U.S. Payment Provider Sector
By Brian Cullingworth, Last updated Jul 14, 2017
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.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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