- Symphony Technology Group is weighing the acquisition of Fidelity National Information Services Inc's FIS capital markets business in a deal worth $2 billion, Bloomberg reports.
- Symphony is eyeing FIS's treasury management, alternative trading, and algorithm-based trading platforms assets.
- FIS offers payment processing and other services to banks. FIS had agreed to acquire payments giant Worldpay for $43 billion in 2019.
- Symphony invests in software, data analytics, and software-enabled technology services companies.
- Price Action: FIS shares traded higher by 1.53% at $110.32 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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