Deals
Fidelity National Agrees to Buy SunGard for $9.1 Billion
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Fidelity National Information Services Inc., a provider of banking and payments technology, agreed to buy software maker SunGard Data Systems Inc. in a deal valued at $9.1 billion, including the assumption of debt.
FIS, as the firm is known, will issue a combination of cash and stock to acquire all of SunGard’s equity, Jacksonville, Florida-based FIS said Wednesday in a statement. The combined company will have more than $9.2 billion in annual revenue, 55,000 employees and operate in more than 100 countries, according to the statement.