FILE PHOTO: U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul on September 20, 2011. REUTERS/Lee Jae-Won/File Photo
(Reuters) -Global Payments has agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.25 billion in a three-way deal, sharpening its focus on merchant services in its race for big-business clients in a crowded payments market.
As part of the deal announced on Thursday, Global Payments will sell its issuer solutions unit, which offers card processing and account services, to FIS for $13.5 billion.
