MUNICH (dpa-AFX) - Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, has joined the bidding for U.K. rival Worldpay Ltd., Bloomberg reported citing people familiar with the matter.
Wirecard is competing against private-equity bidders, including a joint proposal from Blackstone Group and Hellman & Friedman, as Worldpay also prepares for a possible initial public offering.
Its offer values Worldpay, which is owned by Advent International Corp. and Bain Capital, at about 6 billion pounds or $9.4 billion, the reports said.
The report indicated that no final decision has been made and several potential buyers are still in the running, the people said. Advent and Bain may also choose to proceed with IPO plans and not sell the company. A decision may be announced as early as next month.
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