US financial technology group FIS last month announced plans to spin off Worldpay just four years after paying $43bn for the group in a deal now seen as the high watermark for the consolidation ...

Worldpay is being taken private as part of a revised agreement to split off from FIS. The bank-technology seller Fidelity National Information Services is moving forward with its plan to separate from ...

In helping to unwind FIS’s $30bn-plus 2019 acquisition of Worldpay, GTCR will finance its purchase with more than $8bn in bank debt financing, the largest package of its kind for a new private ...

FIS (NYSE:FIS), or Fidelity National Information Services, agreed to sell its stake in Worldpay to Global Payments (NYSE:GPN) for $6.6B pretax value, and to acquire GPN's Issuer Solutions business ...

FIS FIS, the financial-tech company, or fintech, previously announced plans to spin off its merchant business, which largely consists of Worldpay, which it acquired in 2019 for $43 billion.

The payments firm Worldpay spent less than five years as part of the bank technology company FIS, as the latter has decided it would be better to set Worldpay loose to scoop up other fintechs without ...

Concurrently, FIS has entered into a definitive agreement to sell its stake in Worldpay to Global Payments for $6.6 billion in pre-tax value. This transaction accelerates the monetization of the ...

The majority of FIS' stake in the Worldpay business will be sold to private-equity fund GTCR in a deal that values the company at $18.5 billion, FIS said Thursday. FIS will receive about $11.7 ...

In a fleeting 10-minute conference call, FIS Inc. announced early Thursday a move to sell a 55% interest in its merchant-processing business, which principally consists of the Worldpay unit it ...

Having completed on Feb. 1 a 55% spin-off of its massive Worldpay processing operation, FIS Inc. is now looking to concentrate on priorities including digital banking, real-time payments, and share ...