FIS will receive $6.6 billion for its 45% stake in Worldpay. Global Payments, a leading merchant acquirer, said the sale of the TSYS business and its purchase of Worldpay would occur simultaneously.

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 ...

The sale of 45% of Worldpay for $6.6 billion represents a multiple of approximately 10.5x expected 2025 EBITDA, a premium to the 9.8x valuation of FIS’ February 2024 sale of its 55% stake in ...

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 to sell Worldpay to GTCR in a deal that will net the fintech proceeds of $11.7 billion FIS acquired Worldpay in 2019 for $43 billion Last Updated: July 6, 2023 at 10:57 a.m. ET First Published ...

FIS will receive net proceeds of $11.7bn and retain a 45 per cent stake in Worldpay, representing a shift in strategy after it told investors in February it planned to spin off the unit to ...

FIS’s takeover of Worldpay was the next big deal to follow, then came Global Payments’ acquisition of TSYS for $21.5bn and finally Worldline’s deal to buy Ingenico for €7.8bn.

Worldpay would retain its brand. FIS initially acquired Worldpay in 2019, part of a series of deals that combined bank technology and payment processing companies during that year as firms such as ...

By retaining a substantial interest in Worldpay, she added, FIS can “capitalize on trends in large and growing [payments] markets.” After paying down debt, FIS will have approximately $2.5 billion it ...

FIS appointed Charles Drucker, Worldpay's former CEO, to lead the separation and become CEO of the new unit, which will carry the Worldpay brand. As currently constructed, FIS's merchant business ...

Total adjusted revenue growth came to 2% last year, a number Ferris forecasts will get a boost in 2024 to at least 4%. This will come not just from FIS’s share in Worldpay, she noted, but also from ...

Fidelity National Information Services FIS0.00%increase; green up pointing triangle is splitting into two parts. Both have their challenges. FIS said Monday that it plans to do a tax-free spinoff ...