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V - Fidelity National Information Services: Paying The Price For Worldpay
Visa Inc.
2023-03-26 22:28:53 ET
Summary
FIS announced a huge deal for Worldpay in 2019.
This deal was expensive at the time, and its subsequent disappointing performance has been very painful, triggering management into deciding to spin off the unit.
While the operating performance is disappointing, the reality is that valuations might have been reset enough here to slowly see some appeal emerging.