Private equity firm Blackstone Group in Talks to Buy Fidelity National

The Blackstone Group and THL Partners are in talks to buy electronic payment processor Fidelity National Information Services (FIS) for $10 billion, in what would be the biggest leveraged buyout since the financial crisis, a source familiar with the situation told Reuters.

According to several media reports, Blackstone’s acquisition of Fidelity National, a co. that serves more than 14,000 financial institutions and business customers, would include $3 billion in debt. The talks however, are ongoing and the deal may still fall apart, these reports warned.

Fidelity’s current market cap is over $11 billion. Its shares  rose as high as $30.78, $4+, in early New York Stock Exchange composite trading.

Fidelity’s stock is up almost 11% year-over-year and more than 40% from a year ago.

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