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Vantiv Acquires Rival Worldpay for $9.94 Billion
In yet another mega merger in the retail sector, U.S.-based credit card processing firm Vantiv is acquiring UK-based payments technology firm Worldpay in a deal worth $9.94 billion, after J.P. Morgan withdrew its interest in Worldpay. The move give Vantiv greater access to the lucrative European ecommerce and digital payments market.