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Payments provider Global Payments has struck a $24.2bn cash-and-stock deal to buy rival Worldpay from GTCR less than two years after the private equity group bought a majority stake in the company.
As part of a three-way deal announced on Thursday, GTCR will receive 59 per cent of the deal value in cash and the remainder in Global Payments stock.
Fintech group FIS, which owned a 45 per cent stake in Worldpay, will take control of Worldpay’s issuer solutions arm, valued at $13.5bn.
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