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Takeaways
- Global Payments stock was among the biggest S&P 500 decliners Thursday after the fintech firm agreed to acquire Worldpay from private equity firm GTCR and Fidelity National Information Services for $24.25 billion in cash and stock.
- The deal also involves the sale of Global Payments' Issuer Solutions business to FIS for $13.5 billion.
- Global Payments stated that a combined company would have more than 6,000,000 customers, and a payment volume of $3.7 trillion annually across more than 175 different countries.
Global Payments’ (GPN) shares fell 17% on Thursday after the fintech company announced that it had acquired payment processing firm Worldpay for $24,25 billion in cash, stock and private equity. The remaining 45% was acquired from Fidelity National Information Services.
Global Payments stock, which is down nearly 40% in 2025, was the second-biggest decliner on the S&P 500 in late-morning trading.
Global Payments will acquire a 55% stake from GTCR, and the remaining 45% would come from FIS. As part of the deal, FIS will acquire Global Payment's Issuer Solutions division for $13.5 billion.
FIS stock was up 7% in recent trading, among the biggest gainers in the S&P 500.
Global Payments stated that a combined company would have more than 6,000,000 customers, and a payment volume of $3.7 trillion annually across more than 175 different countries. It affirmed that its adjusted earnings per share forecast for the first quarter was $2.69. That is slightly lower than Visible Alpha’s consensus analyst estimate.
