FIS said the move to spinoff payments firm Worldpay unlocks shareholder value despite previous comments indicating a successful merger would generate value of its own. FIS bought Worldpay four years ago.
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Fintech FIS is planning to spin off its payments business after an unsuccessful attempt to integrate its $43 billion acquisition. So reports The Financial Times.
FIS said the move to spinoff payments firm Worldpay unlocks shareholder value despite previous comments indicating a successful merger would generate value of its own. FIS bought Worldpay four years ago.