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The UK Competition & Markets Authority on Tuesday said it is considering the competition repercussions of payment technology firm Global Payments Inc’s acquisition of Worldpay Holdco LLC. Back in April, Global Payments agreed to divest its Issuer Solutions business to Fidelity National Information Services Inc for $13.5 billion. FIS is a Jacksonville, Florida-based financial products and services company. Atlanta, Georgia-based Global Payments also agreed to acquire Worldpay, the payment processing company owned by FIS and Chicago, Illinois-based private equity firm GTCR LLC. The net purchase price is $22.7 billion, for a total value of $24.25 billion. The UK’s market watchdog has issued a preliminary invitation to comment on the merger, as it considers launching an enquiry into whether or not the deal would significantly reduce competition in any UK goods or services markets. The CMA noted it has not yet launched a formal investigation, but that this invitation is the first part of a two-stage information gathering process. The deadline for comments is July 16. Shares in Global Payments were 1.2% lower at $79.05 during after-hours trading in New York, while FIS shares rose 0.1% to $81.48. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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