NEW YORK (
Fidelity National Information Services
could be bought for more than $15 billion in a private-equity deal led by
, a report says.
News of the potential
has been previously reported. But earlier reports put the price tag for Fidelity National, a payment-processing company, at about $10 billion.
Blackstone, Thomas H. Lee Partners and TPG Capital are in talks to pay more than $15 billion including debt for Fidelity National,
reports, citing a person with knowledge of the matter. Fidelity National could be valued at about $32 a share under the deal.
Fidelity National shares closed Tuesday at $28.86.
Fidelity National may reach an agreement with the buyout group as soon as May 16 if talks don't collapse, the person told the news agency. A spokeswoman for Fidelity National couldn't be reached.
A $15 billion deal would be about three times as big as the largest leveraged buyout since the credit markets crumbled in July 2007,
-- Written by Joseph Woelfel in New York.
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