In July 2017, Vantiv announced its intention to acquire Worldpay for $10.4 billion.[13][14][15][16] The combined entity kept the "Worldpay" name, and was headquartered and listed in the United States, but internal operations continued to be based in the U.K.[17] In August 2017, Vantiv announced that it would acquire Worldpay.[18] The transaction was completed on 16 January 2018.[19] There was initial concern from UK politicians over whether the merger was as a result of the fall in the pound's value since 2016, turning British assets into bargains for foreign investors.