U.S. financial services technology company Fidelity National Information Services Inc. (FIS) has agreed to acquire British payment processing company Worldpay for around $35 billion.
With the acquisition of Worldpay, FIS expects to extend beyond the world of financial outsourcing and tap into payment processing and e-commerce.
Fidelity National and Worldpay merger will have annual revenue of around $12 billion and adjusted core earnings of about $5 billion.
Following the closure deal, which values Worldpay at approximately $43 billion including debt, the companies will be able to provide clients a wider portfolio of services.