Private Equity

FIS to buy SunGard from private equity owners for $9.1bn

Acquisition will end bid by financial technology firm’s owners to take it public

Fidelity National Information Services has agreed to buy financial software company SunGard for $9.1 billion, including the assumption of debt.

That acquisition will end plans by SunGard's private equity owners to take it public. The company had tapped underwriters for an initial public offering with a target valuation of about $7 billion, people familiar with the matter told The Wall Street Journal earlier this summer.

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