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Worldpay comprises the bulk of the FIS merchant business, which processes payments for companies. GTCR's offer prevailed over Advent International, another buyout firm that was also vying for the business, the sources said. If the negotiations conclude successfully in the coming days, FIS plans to keep a minority stake in the business, the sources said. FIS, which started in 1968 and serves big financial services corporations, has cut thousands of jobs since the review began. Chicago-based GTCR manages more than $35 billion in assets and invests across sectors, including financial services.
Persons: GTCR, Johnson, Kellogg, Shaw, Jana, Anirban Sen, David French, Milana, Greg Roumeliotis, Richard Chang Organizations: YORK, GTCR, Fidelity National Information Services, FIS, International, Financial Times, General Electric Co, Toshiba Corp, Jana Partners, Reuters, Black Knight Inc, Global, Service, Thomson Locations: Worldpay, Jacksonville , Florida, Chicago, New York
The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they’re still posting annual gains. In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index. In the 37 biggest metro areas east of Colorado, except Austin, home prices rose year-over-year.
ICE's takeover of Black Knight would follow its $11 billion purchase of Ellie Mae, another mortgage software company, in 2020. ICE provided its consent to Black Knight going ahead with the move, the sources added. It could not be learned if Black Knight is carrying out the sale process for Empower in co-ordination with the FTC. Black Knight and Truist did not respond to requests for comment. Holly Vedova, director of the FTC's Bureau of Competition, said in a speech last week, without addressing the Black Knight deal specifically, that the agency was not inclined to approve mergers on the basis of divestitures.
Cramer's lightning round: Riot Blockchain is not a buy
  + stars: | 2022-10-31 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Palantir : "If it can get to $10, then I would skedaddle. I hate to recommend it all the way down here because it's near the bottom." Loading chart...Black Knight Inc : "The government is so fickle, I hesitate to recommend any arbitrage situation." Loading chart...Riot Blockchain Inc : "I'm not recommending any companies that are losing money." I have no catalyst, and when I have no catalyst, I just don't know how to recommend."
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