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Fidelity National Information Services, Inc. (FIS) FIS Announces Strategic Transactions (Transcript)
Fidelity National Information Services, Inc. (NYSE:FIS ) FIS Announces Strategic Transactions April 17, 2025 8:30 AM ET Company Participants George Mihalos - Head of IR Stephanie Ferris - President and CEO James Kehoe - CFO Conference Call Participants Darrin Peller - Wolfe Research Dan Dolev - Mizuho Group Jason Kupferberg - Bank of America Rayna Kumar - Oppenheimer Trevor Williams - Jefferies Bryan Bergin - TD Cowen Will Nance - Goldman Sachs Daniel Perlin - RBC Capital Markets Andrew Bauch - Wells Fargo Jamie Friedman - Susquehanna Chris Kennedy - William Blair Operator Good day, and thank you for standing by. Welcome to the FIS Strategic Transaction Conference Call.
The Dow Jones Industrial Average is tumbling by another 440 points in midday trading today, as President Trump criticized Federal Reserve chairman Jerome Powell's position, but the fact he is not trying to fire him heartened enough investors that the S&P 500 has bounced back into positive territory.
Global Payments set the FinTech sector abuzz early Thursday (April 17) with a pair of sweeping transactions. It sold its issuer solutions business to FIS for $13.5 billion and simultaneously bought Worldpay for a net price of $22.7 billion, according to a Thursday press release.
Sale of Industry-Leading Payments Technology and Solutions Company Marks an Important Milestone in GTCR's Strategic Transformation in Partnership with Leaders Strategy™ CEO Charles Drucker CHICAGO , April 17, 2025 /PRNewswire/ -- GTCR, a leading private equity firm, announced today the signing of a definitive agreement to sell Worldpay (the "Company"), a global leader in merchant acquiring and payments processing, to Global Payments (NYSE: GPN) for $24.25 billion as part of a transformative three-way transaction. In July 2023, GTCR signed a definitive agreement to acquire a 55% majority stake in Worldpay from FIS® (NYSE: FIS), a global leader in financial services technology.
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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