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SunGard sidesteps an IPO as FIS hopes to offer complementary wares after the acquisition is complete.
Financial products and services giant SunGard will not be facing an IPO as some had speculated as banking and payments technology provider Fidelity National Information Services (FIS) will be acquiring the Wayne, Pa.-based company for $9.1 billion, according to FIS officials. FIS officials add that the combined company will have more than $9.2 billion in...
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