Fidelity National Could Be Bought for $15B

Fidelity National Information Services could be bought for more than $15 billion in a private-equity deal led by Blackstone Group, a report says.
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NEW YORK (

TheStreet

) --

Fidelity National Information Services

(FIS) - Get Report

could be bought for more than $15 billion in a private-equity deal led by

Blackstone Group

(BX) - Get Report

, a report says.

News of the potential

acquisition

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,

Bloomberg

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,

Bloomberg

notes.

-- Written by Joseph Woelfel in New York.

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