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Jax Daily Record Wednesday, Jul. 31, 201909:51 AM EST

FIS completes $43 billion Worldpay acquisition

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Jacksonville-based Fidelity National Information Services will enhance its global presence with the deal.
by: Mark Basch Contributing Writer

Fidelity National Information Services Inc., or FIS, completed its acquisition of Worldpay Inc. on Wednesday morning.

The combination of Jacksonville-based FIS, which provides technology for financial institutions, and Cincinnati-based Worldpay, which provides payment services, will have more than $12 billion in annual revenue and 55,000 employees.

FIS Chief Executive Gary Norcross

“This transformative combination significantly enhances the scale, portfolio and global footprint of FIS to help our clients capitalize on growth opportunities at a time of rapid marketplace change,” FIS Chief Executive Gary Norcross said in a news release.

FIS in March agreed to pay $11 in cash and issue 0.9287 shares of FIS for each of Worldpay’s 311 million outstanding shares.

Based on Tuesday’s closing price for FIS, the value of the deal was more than $43 billion.

FIS stockholders overwhelmingly approved the deal at a special meeting last week.

More than 99% of about 274 million FIS shares voted in favor of measures to complete the deal. 

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