Business & FinanceDeals
03 July 2023, 8:00 pm 1 minute
Reuters was first to report on Monday that private equity firm GTCR LLC was in advanced talks to acquire a majority stake in the merchant business of payment processing company Fidelity National Information Services in a deal that values the division at between $15 billion and $20 billion. The deal would be the largest in GTCR’s history and would enable FIS to undo its $43 billion acquisition of WorldPay, which it completed four years ago. WorldPay now comprises the bulk of the FIS merchant business. The deal was announced today, confirming Reuters reporting.
FIS shares closed 6% higher at $58, valuing the company at $34 billion.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Countries: United States
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story