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GTCR To Buy Majority Stake in Payments Firm Worldpay for $18.5 Billion

GTCR has agreed to purchase a 55% majority stake in payments company Worldpay from Fidelity National Information Services for $11.7 billion, valuing the business at $18.5 billion. Fidelity will retain the remaining 45% stake.

Last year, Worldpay announced plans to expand into cryptocurrency, partnering with Circle and Crypto.com to allow its merchant clients to accept payments made in the USDC stablecoin. It is unclear whether GTCR has any plans for Worldpay's cryptocurrency ventures following the acquisition.

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