TSG has been closely monitoring COVID-19 as it spreads worldwide. As the situation evolves, the health and safety of our staff, clients, and partners is the top priority. TSG ensures business continuity for its clients and partners. We want to assure you that our support for the payments industry will continue through this time of uncertainty – we are here for you. Please email us with any questions or concerns.

July 1, 2017Blog Posts

Aiming for Global Scale, Vantiv Agrees to Buy Worldpay for $9.9 Billion

Digital Transactions:

In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two companies announced an “agreement in principle” calling for Vantiv to pay almost $5, at current exchange rates, for each Worldpay share. That figure includes a dividend payment of about 6 cents per share. The deal values Worldpay at a premium of about 20.7% to the company’s closing price on June 30, before takeover speculation lifted its shares.


  • Share this post: