Tag Archives: stake

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

August 10, 2023 Dedicated Hosting News 0

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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NBFC Homeshree to acquire ₹200 crore stake in Webyne Data Centre

May 5, 2023 Dedicated Hosting News 0

One of the top Indian NBFC (Non-Banking Financial Companies), Homeshree announced that it has made a decision to acquire a stake of ₹200 crore in Webyne Data Centre, a global cloud infrastructure and hosting provider based in India. This strategic partnership with Homeshree will allow Webyne to further allocate capital to expand its product and technology portfolio along with further investment in its infrastructure. In addition to this, the company will also be able to establish an international footprint.

Webyne is well-positioned in a sector that has had significant and robust development in recent years, owing to structural trends and market dynamics such as SME digitization, migration to cloud-based infrastructure, and the growing popularity of community-based gaming. The…


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