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Fidelity National Information Servcs Inc (NYSE: FIS) and
Global Payments Inc (NYSE: GPN) were in talks for a merger deal valued at roughly $70 billion, but it was unsuccessful, the Wall Street Journal reports.
What Happened: The deal talks between the two fintech companies were in advanced stages before it fell through, WSJ notes. The negotiations broke down in the last few days, and the cause of the falter remains unknown.
GPN has a market cap of $59 billion, and FIS has a market cap of $90 billion. The deal could ve been the biggest one this year.
Reportedly, there is no re-negotiation prospect immediately, but it could be revived later, according to people familiar with the matter.
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