:Fidelity National Information Services is selling a majority stake in its merchant business to private equity firm GTCR, the payments processor said on Thursday, in a deal that will fetch $11.7 billion.The deal valued the unit that processes transactions for companies at $18.5 billion, including $1 billion c
:Fidelity National Information Services is selling a majority stake in its merchant business to private equity firm GTCR, the payments processor said on Thursday, in a deal that will fetch $11.7 billion.
FIS said it will retain 45 per cent of the unit that accounted for about 30 per cent of its overall revenue. The deal with GTCR, the largest in the history of the private equity firm, will help FIS to undo its soured acquisition of Worldpay.
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