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["url"]=> string(76) "https://finance.yahoo.com/news/fis-agrees-sell-majority-stake-112152804.html" ["image_url"]=> string(78) "https://images.businessradar.com/articles/04519a5a-4c36-47c5-89ad-2cb086ee1323" ["source"]=> string(9) "yahoo.com" ["publication_date"]=> string(10) "2023-07-06" ["categories"]=> array(8) { [0]=> string(20) "Business Development" [1]=> string(25) "Business Model Resilience" [2]=> string(18) "General Investment" [3]=> string(15) "Deals & Tenders" [4]=> string(9) "Valuation" [5]=> string(11) "Acquisition" [6]=> string(10) "Divestment" [7]=> string(12) "Stock Market" } } [1]=> array(7) { ["title_en"]=> string(91) "Fidelity National Information Services to Sell Majority Stake in Worldpay for $11.7 Billion" ["snippet_en"]=> string(117) "Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion." 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["url"]=> string(101) "https://kfgo.com/2023/07/03/exclusive-gtcr-nears-up-to-20-billion-fis-merchant-business-deal-sources/" ["image_url"]=> string(78) "https://images.businessradar.com/articles/192f3b84-58ca-435c-b4ba-06bfa4854338" ["source"]=> string(8) "kfgo.com" ["publication_date"]=> string(10) "2023-07-03" ["categories"]=> array(2) { [0]=> string(25) "Business Model Resilience" [1]=> string(11) "Acquisition" } } [3]=> array(7) { ["title_en"]=> string(82) "Fidelity National Stock Sinks. It Will Spin Off Worldpay and Issues Guidance Miss." ["snippet_en"]=> string(163) "Payments giant Fidelity National Information Services plans to spin off its merchant business, essentially undoing its $43 billion acquisition of Worldpay in 2019." 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Fidelity National Information Services, Inc.

Location

Florida

Founded

1961-02-28

Website

https://www.fisglobal.com

Articles

528 Articles

Category

Computer Processing and Data Preparation and Processing Services

Business Services, Not Elsewhere Classified

Description

Articles

FIS agrees to sell majority stake in Worldpay to GTCR at $18.5 billion valuation

2023-07-06 (yahoo.com)

FIS agrees to sell majority stake in Worldpay to GTCR at $18.5 billion valuation

Investing.com -- Fidelity National Information Services (NYSE:FIS) says it has agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments unit at up to $18.5 billion.

Read more
Fidelity National Information Services to Sell Majority Stake in Worldpay for $11.7 Billion

2023-07-06 (wsj.com)

Fidelity National Information Services to Sell Majority Stake in Worldpay for $11.7 Billion

Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion.

Read more
Exclusive-GTCR nears up to $20 billion FIS merchant business deal-sources

2023-07-03 (kfgo.com)

Exclusive-GTCR nears up to $20 billion FIS merchant business deal-sources

By Anirban Sen, David French and Milana Vinn NEW YORK (Reuters) - Private equity firm GTCR LLC is in advanced talks to acquire a majority stake in the merchant business of payment processing company Fidelity National Information Services Inc in de...

Read more
Fidelity National Stock Sinks. It Will Spin Off Worldpay and Issues Guidance Miss.

2023-02-13 (barrons.com)

Fidelity National Stock Sinks. It Will Spin Off Worldpay and Issues Guidance Miss.

Payments giant Fidelity National Information Services plans to spin off its merchant business, essentially undoing its $43 billion acquisition of Worldpay in 2019.

Read more
FIS takes $17.6 billion hit in merchant unit to be spun off

2023-02-13 (yahoo.com)

FIS takes $17.6 billion hit in merchant unit to be spun off

(Reuters) -Banking and payments processing conglomerate Fidelity National Information Services Inc took a $17.6 billion write-down on its merchant business as it unveiled plans on Monday to spin it off, undoing a $43 billion acquisition that went sour.

Read more
Fidelity National Information Services Q3 adjusted earnings Beat Estimates

2021-04-11 (rttnews.com)

Fidelity National Information Services Q3 adjusted earnings Beat Estimates

Fidelity National Information Services (FIS) revealed a profit for its third quarter that rose from the same period last year. The company's profit totaled $158 million, or $0.

Read more
Foley forms another ‘blank check’ company

2020-06-04 (jaxdailyrecord.com)

Foley forms another ‘blank check’ company

Foley Trasimene Acquisition Corp. raises $900 million to acquire one or more businesses.

Read more
FIS completes $43 billion Worldpay acquisition | Jax Daily Record

2019-07-31 (jaxdailyrecord.com)

FIS completes $43 billion Worldpay acquisition | Jax Daily Record

Jacksonville-based Fidelity National Information Services will enhance its global presence with the deal.

Read more
EU Green-Lights FIS Acquisition Of WorldPay

2019-07-01 (pymnts.com)

EU Green-Lights FIS Acquisition Of WorldPay

The European Union will reportedly approve Fidelity National Information Services Inc.'s $35 billion dollar acquisition of Worldpay.

Read more

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