Vantiv has agreed to acquire payments processor Worldpay for £8 billion after being granted a second deadline extension to make a firm offer.
The two businesses had struggled to reach an agreement after reportedly not coming to terms on issues relating to the job security of Worldpay's workforce. The company's international operations will now be run from Britain, although there are no guarantees that UK jobs will be protected.
The combined entity will process around $1.5 trillion in payments and 40 billion transactions through more than 300 payment methods, with net revenues of over $3.2 billion. The companies originally agreed a deal in July.