Four months after saying it would spin off the retailer-focused transactions company it acquired for $43 billion in 2019, Fidelity National Information Services Inc. has found a buyer for the business.
The majority of FIS' stake in the Worldpay business will be sold to private-equity fund GTCR in a deal that values the company at $18.5 billion, FIS said Thursday.
FIS will receive about $11.7 billion up front and another $1 billion if GTCR's returns exceed certain thresholds. The Jacksonville,…
