There has been a larger wave of consolidations in the payments and wider fintech space in Europe, which have totalled some €83 billion since 2013 (now over €90 billion with this deal). Worldline acquiring Ingenico is an outsized deal among these. Most recently, in November, Elavon announced it was acquiring Sage Pay in the UK for about $300 million.
Meanwhile the acquisition by Facebook, no matter what form it takes, looks like a good fit given the U.S. company’s investment in next generation platforms, including VR and AR. It is also another — perhaps, worrying — example of U.S. tech companies hoovering up U.K. machine learning and AI talent early.
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