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Stock impact report

Global Payments shares plunge 17% after company announces $24 billion Worldpay deal [MSNBC.com]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
Company Research Source: MSNBC.com
The Global Payments Company logo seen displayed on a smartphone.Igor Golovniov | LightRocket | Getty Imagesbuying WorldpayFidelity National Information ServicesThe company said that in acquiring Worldpay, which FIS had purchased in 2019 before later selling a majority stake, it's expanding its reach and will be able to serve over 6 million customers across more than 175 countries, enabling $3.7 trillion in annual payment volume.In selling its Issuer Solutions unit to FIS for $13.5 billion, Global Payments is divesting a unit for back-end financial processing that's long been viewed as a stable provider of growth. In the end, Global Payments is going bigger in providing payments services to merchants, while FIS is focusing on issuer processing.bought WorldpaysoldGlobal Payments said on Thursday that it obtained committed bridge financing and plans to issue $7.7 billion of debt "to replace the bridge commitment and refinance Worldpay's outstanding debt."Read more about tech and crypto f Show less Read more
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