Podcast Center
Video Center
Webcasts
Resource Center
Events
July 30, 2015 at 08:22 AM
Fidelity National Information Services Inc., the payment-services provider, is in exclusive talks to acquire SunGard Data Systems Inc. for more than $8.3 billion, according to people familiar with the matter.
While a deal isn’t imminent, Fidelity would pay with a mix of cash and stock if a transaction occurs, the people said, asking not to be identified because the discussions are private. The split would be approximately 50 percent cash and 50 percent stock, one of the people said.
SunGard, which makes software for financial institutions, is owned by seven private-equity firms, including Silver Lake Management, Providence Equity Partners and KKR & Co. The Wayne, Pennsylvania-based company filed to go public in June.
Shares in Jacksonville, Florida-based Fidelity National rose as much as 3.7 percent to $65.57 at 11:16 a.m. in New York.
