COLUMBUS, Ga. ( WRBL ) — TSYS’s parent company Global Payments has agreed to sell the company to Fidelity National Information Services (FIS) for $13 billion.
Global Payments, a payments technology company, purchased TSYS in 2019. It is the largest company in a group of companies known as Issuer Solutions. Global Payments is selling Issuer Solutions as part of a deal to acquire Worldpay from FIS.
According to FIS the purchase of Issuer Solutions will cost $12 billion , with a total value of $13.5 billion excluding $1.5 billion of anticipated value of tax assets. FIS says it will fund the purchase by taking on $8 billion of new debt and the money from the sale of its minority stake in Worldpay to Global Payments…