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.
Estimated reading time: 0 minutes, 18 seconds
FIS Backs Off Worldpay Merger After Unsuccessful Integration Attempt
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.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-