Geeky Tech Reports on FIS Spinning Off Its Majority Stake in Worldpay

Geeky Tech Reports on FIS Spinning Off Its Majority Stake in Worldpay

With this move, the financial service provider aims to allocate funds for acquisitions, while also allowing Worldpay to accelerate its technology development.

(Isstories Editorial):- Surrey, United Kingdom Aug 10, 2023 (Issuewire.com) – FIS, a financial services provider, has inked a deal to transfer a significant share of its Worldpay Merchant Business solutions division to GTCR, an American private equity firm. This transaction, valued at $18.5 billion, marks a transformative agreement. As part of the deal, FIS will retain a 45% ownership stake in Worldpay, with GTCR becoming the new majority owner, reports FinTech Magazine

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The article calls this agreement an “expected” move, as FIS had previously announced its plan to spin off Worldpay in February 2023….


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