: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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada's Quebecor to pull its ads from Facebook, InstagramTelecom and media firm Quebecor said on Wednesday (Jul 5) it will pull its ads from Facebook and Instagram, following Meta Platforms' decision to stop access to news on both the social media platforms in Canada over a law requiring payments to local news publishers. The 'Online News Act', or House of Commo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Canada's Quebecor to pull its ads from Facebook, InstagramTelecom and media firm Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms' decision to stop access to news on both the social media platforms in Canada over a law requiring payments to local news publishers.The 'Online News Act', or House of Commons bill
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive-Vietnam's SHB in stake sale talks, could value lender at $2.2 billion - sourcesHANOI/SINGAPORE : Vietnam's Saigon–Hanoi Commercial Joint Stock Bank (SHB) is in discussions to bring in a strategic partner that could own up to a 20 per cent stake in the lender, five sources with knowledge of the matter said. The potential deal could value the Hanoi-based bank at between $2 billio
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
India's Samvardhana Motherson to buy majority stake in Honda's unitBENGALURU : Indian auto parts maker Samvardhana Motherson International (SMIL) said on Tuesday it will buy a majority stake in Japan-based auto-part maker Yachiyo Industry's four-wheeler business from Honda Motor Co to expand its product range. The transaction is valued at 22.9 billion Japanese yen ($15
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
India's Samvardhana Motherson to buy majority stake in Honda's unitBENGALURU : Indian auto parts maker Samvardhana Motherson International (SMIL) said on Tuesday it will buy a majority stake in Japan-based auto-part maker Yachiyo Industry's four-wheeler business from Honda Motor Co to expand its product range. The transaction is valued at 22.9 billion Japanese yen ($15
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive-Vietnam's SHB in stake sale talks, could value lender at $2.2 billion - sourcesHANOI/SINGAPORE : Vietnam's Saigon–Hanoi Commercial Joint Stock Bank (SHB) is in discussions to bring in a strategic partner that could own up to a 20 per cent stake in the lender, five sources with knowledge of the matter said. The potential deal could value the Hanoi-based bank at between $2 billio
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »