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The UK competition regulator has approved Global Payments’ planned acquisition of Worldpay in a deal valued at $22.7 billion. The approval marks a significant milestone in the ongoing consolidation within the global payments industry as major players reposition their business strategies.
The United Kingdom’s Competition and Markets Authority (CMA) has cleared the anticipated acquisition of Worldpay Holdco LLC by Global Payments Inc., according to reports from the regulatory body. The decision, announced in a Monday update, removes a key regulatory hurdle for the $22.7 billion transaction that represents one of the largest payments industry deals in recent years.
