WebFeb 11, 2024 · REUTERS/Lee Jae-Won. NEW YORK, Feb 10 (Reuters) - Banking and payments conglomerate Fidelity National Information Services Inc (FIS.N) is making preparations to break up, undoing a $43 billion ... WebFeb 16, 2024 · New management at FIS is moving quickly to repair the damage done by the company’s botched takeover of Worldpay in 2024. Stephanie Ferris, the incoming CEO, announced that Worldpay would be demerged this year with a separate listing on the stock market. She also booked an associated $17.7bn write down of the $43bn purchase. …
Worldpay in $43bn takeover by US fintech giant FIS - Sky News
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FIS targets $500M in cost cuts Payments Dive
WebNov 9, 2024 · FIS targets $500M in cost cuts. The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts. Fidelity National Information Systems, which provides software for payments processing, plans to cut $500 million in costs after announcing lackluster third-quarter ... WebDec 20, 2024 · The banking side saw an increase of 4 percent to $1.5 billion. eCommerce transactions increased 30 percent in the quarter, with a boost as FIS had begun processing those transactions at giant ... WebMar 18, 2024 · The latest tie-up will create a combined group to be 53% owned by shareholders of Florida-based FIS and the remainder by Worldpay shareholders. Based on 2024 figures it will generate $12.3bn (£9 ... nov birthday list