2019-04-03 11:35:00 Wed ET
stock market competition macrofinance stock return s&p 500 financial crisis financial deregulation bank oligarchy systemic risk asset market stabilization asset price fluctuations regulation capital financial stability dodd-frank
A Florida fintech group Fidelity Information Services initiates the largest $43 billion acquisition of the e-commerce payments processor Worldpay. Fidelity Information Services (FIS) provides computational systems for processing payments to a rich network of 14,000 banks. Upon deal closure, FIS shareholders own approximately 53% of the joint company, whereas, Worldpay shareholders retain 47% minority equity stakes. FIS executive management plans to pay the enterprise value of $43 billion with both stock and cash finance. FIS also expects to refinance residual debt after this strategic milestone.
As of April 2019, this acquisition is the largest deal in the fintech payments industry. The mega merger helps accelerate the current race to the top of global payments powerhouses. FIS and Worldpay can hence collaborate to offer a customer-centric combination of global scale with the bellwether broad range of both international fintech solutions and network effects for e-commerce payments.
Conservative estimates suggest an organic revenue growth rate of 6%-9% in the next 3 years. Net profit synergies amount to about $700 million over the same time horizon. Further, the global payments market is likely to double in size to $2 trillion from 2017 to 2027. These favorable forecasts suggest a bright outlook for FIS and Worldpay.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-08-31 14:39:00 Saturday ET

AYA Analytica finbuzz podcast channel on YouTube August 2019 In this podcast, we discuss several topical issues as of August 2019: (1) Warren B
2017-08-25 13:36:00 Friday ET

The U.S. Treasury's June 2017 grand proposal for financial deregulation aims to remove several aspects of the Dodd-Frank Act 2010 such as annual macro s
2018-09-30 14:34:00 Sunday ET

Goldman, JPMorgan, Bank of America, Credit Suisse, Morgan Stanley, and UBS face an antitrust lawsuit. In this lawsuit, a U.S. judge alleges the illegal cons
2019-08-06 07:28:00 Tuesday ET

Former basketball star Shaq O'Neal has almost quadrupled his net worth once he learns and applies an ingenious investment strategy from Amazon Founder J
2019-10-11 13:40:00 Friday ET

Apple CEO Tim Cook maintains a frugal low-key lifestyle. With $625 million public wealth, Cook leads the $1 trillion tech titan Apple in the post-Jobs era.
2023-02-07 08:26:00 Tuesday ET

Michel De Vroey delves into the global history of macroeconomic theories from real business cycles to persistent monetary effects. Michel De Vroey (2016)