Fidelity National Information Services Inc. said Monday it has agreed to acquire Worldpay Inc. for about $35 billion in cash and stock, creating a global payments giant in a bid to reach more customers as merchants and their clients complete an increasing number of transactions online. The deal marks one of the biggest transactions in the fast-consolidating payments sector that is under pressure to cut costs, develop new products and add customers. It comes at a time of greater regulatory scrutiny and rising competition from...

Source: Wall Street Journal March 18, 2019 07:52 UTC