According to Finextra, "three big private equity firms are cooking up an $11 million buy out of transaction processing outfit Fidelity National Information Services (FIS)"Let me go on the record right now that I'll double that offer and give 'em $22 million considering they have a market cap of about $11 Billion.
In an article entitled: "Blackstone in Talks to Acquire FIS" the Wall Street Journal reports that:
A group of private-equity firms led by Blackstone Group LP are in talks to acquire financial-data-processing company Fidelity National Information Services Inc., according to people familiar with the situation. A deal for Fidelity National, which has a market capitalization exceeding $10 billion, would be the largest leveraged buyout since the credit crisis struck nearly three years ago. Other buyout shops teaming up with Blackstone on the deal talks include TPG and Thomas H. Lee Partners LP, according to people familiar with the matter. A Fidelity National spokeswoman declined to comment. "Six banks are arranging the financing for the buyout: Bank of America Corp.; Citigroup Inc.;Deutsche Bank AG; Barclays Capital, a unit of Barclays PLC; J.P. Morgan Chase & Co.; and Credit Suisse Group"
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