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Investing.com -- Worldpay’s $24.3 billion deal with Global Payments Inc. has been formally notified to European Union merger watchdogs for approval.
According to an updated European Commission website, regulators have set a deadline of Dec. 1 to decide whether to clear the transaction or open an in-depth investigation.
The proposed merger would create the largest payment processor globally, handling approximately $4 trillion in annual volume.
As part of the transaction, Global Payments is acquiring a 45% stake in Worldpay from Fidelity National Information Services Inc. while simultaneously purchasing the remaining 55% stake held by private equity firm GTCR LLC.
The sale of Worldpay is expected to close in the first half of 2026.
The United Kingdom’s Competition and Markets Authority (CMA) has already approved the deal.
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