Summary:
Private equity firm GTCR has agreed to purchase a majority stake in payments company Worldpay from Fidelity National Information Services for $18.5 billion. GTCR will acquire 55% of Worldpay, while Fidelity will retain the remaining 45%. This acquisition represents GTCR’s investment of $11.7 billion to gain controlling interest in Worldpay. Worldpay had previously expressed interest in cryptocurrency, allowing its merchant clients to accept payments in the USDC stablecoin and partnering with Circle and Crypto.com.
Key Points:
– GTCR is buying a majority stake in Worldpay from Fidelity National Information Services for $18.5 billion.
– GTCR will acquire 55% of Worldpay, with Fidelity retaining 45%.
– The purchase represents GTCR’s investment of $11.7 billion for controlling interest in Worldpay.
– Worldpay had announced plans to expand its involvement in cryptocurrency, including accepting payments in the USDC stablecoin and partnering with Circle and Crypto.com.
– No information is currently available regarding GTCR’s plans for Worldpay’s cryptocurrency endeavors.
Hot Take:
The acquisition of Worldpay by GTCR for $18.5 billion is a significant move in the payments industry. Worldpay’s previous interest in cryptocurrency highlights the growing importance of digital currencies in the financial world. It will be interesting to see how GTCR leverages Worldpay’s potential in the crypto space and whether they continue to pursue partnerships and innovations in this area.
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