Vantiv Worldpay Group – CWEB.com
Vantiv, the largest U.S. merchant acquirer, agreed Wednesday to acquire London’s Worldpay Group Plc for 7.7 billion pounds ($9.9 billion) to gain greater exposure to e-commerce retailers and small businesses. As much as 50 percent of Vantiv’s revenue comes from large chains, which have struggled to compete with online retailers, according to Moshe Katri, an analyst at Wedbush Securities Inc.
“The problem with that exposure is that you’re seeing some of the large national merchants and retailers that are predominantly brick-and-mortar businesses, these guys are losing share to the ‘Amazon effect,”’ Katri said.