A trio of deals valuing Worldpay at $24.3 billion created a new behemoth in payment processing and cracked open a merger market that’s been stagnating after US President Donald Trump’s tariff policies roiled markets.

Global Payments Inc. acquired the 45% stake in Worldpay that Fidelity National Information Services Inc. still owned and simultaneously agreed to purchase the 55% stake held by private equity firm GTCR LLC, according to separate statements Thursday. At the same time, Global Payments agreed to offload its issuer-solutions business to FIS in a deal with an enterprise value of $13.5 billion.