Payments Fintech FIS Is Reportedly Planning to Break-up Business Operations

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters). FIS intends to pursue a tax-free spin-off of its merchant unit, which handles payments for firms, the sources revealed. The spin-off should take several months to be finalized, and FIS

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