FIS in talks to sell Worldpay to PE firm GTCR

GTCR is in talks to buy a majority stake in London-based merchant payment processor Worldpay from Fidelity National Information Services (NYSE: FIS), per multiple reports.

Why it matters: This could be the year's largest private equity deal, with a value above $15 billion, but it's just a fraction of what FIS paid to acquire Worldpay in 2019.