---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-182561"
form_type: "8-K"
ticker: "FIS"
cik: "0001136893"
company_name: "Fidelity National Information Services, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:36:21.067002+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FIS sells 55% stake in Worldpay to GTCR at $18.5B valuation; retains 45% ownership

## Summary
- FIS sells 55% equity interest in Merchant Solutions (Worldpay) to GTCR; valuation $18.5B including $1B contingent consideration.
- FIS receives upfront net proceeds ~$11.7B; plans to reduce debt to ~$10B and repurchase ~$2.5B in shares.
- FIS retains 45% non-controlling stake; Charles Drucker to become CEO of Worldpay upon close expected by Q1 2024.
- Valuation equates to 9.8x expected FY2023 adjusted EBITDA, premium to FIS's ~8x multiple.
- GTCR commits up to $1.25B additional growth capital for Worldpay.

## SEC filing metadata
- accession: 0001193125-23-182561
- form_type: 8-K
- ticker: FIS
- cik: 0001136893
- company_name: Fidelity National Information Services, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136893/000119312523182561/0001193125-23-182561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136893/000119312523182561/d443361d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-182561
- JSON: https://secwatch.observer/filing/0001193125-23-182561.json
- Plain text: https://secwatch.observer/filing/0001193125-23-182561.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.