Fis announces sale of worldpay stake and strategic acquisition of global payments' issuer solutions business

Jacksonville, fla.--(business wire)--fis® (nyse: fis), (the “company”) a global leader in financial technology, today announced it has entered into a definitive agreement to acquire 100% of global payments' (nyse: gpn) issuer solutions business for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of anticipated net present value of tax assets. concurrently, fis has entered into a definitive agreement to sell its stake in worldpay to global paym.
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