News
WorldPay founder could buy business back from RBS
November 8, 2009
Finextra reports that the founder of WorldPay, Nick Ogden, has approached the Royal Bank of Scotland about buying the business back. The WorldPay business was an asset RBS was told to dispose of by the EU competition watchdog last week, as a condition for joining the U.K. Government's asset protection scheme.
Ogden founded WorldPay in 1997, before selling it in 2002 to RBS.A spokesman for Ogden also is in talks with three private equity groups about financing the deal. The WorldPay unit could cost up to £1.5 billion (U.S. $2.5 billion), but Ogden reportedly will look to pay much less than that price, now that RBS has had its hand forced by the EU.
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
ParaScript intros verification solution for checks
Nymeo Federal Credit Union wins recognition as 1 of the best workplaces in Maryland
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
