Vantiv will pay 397 % for each Worldpay share – equal to £8bn – in addition to £1.3bn to cover debts.
In a statement picked up by the BBC, Worldpay said: "The combination of scale and presence the merger will bring is an exciting step in the creation of a truly global leader in payments.”
Worlpay, which cites regulated gambling as one of its five key verticals, is active worldwide, but has a particularly strong presence in the UK and US. Vantiv is mainly focused on the US market, where it supports merchants, banks and credit unions with car payments.
The newly combined company will base its global and corporate headquarters in Cincinnati, Ohio, in the US, and locate its international headquarters in London, England.
Source: GMB / iGaming Business
