FNIS, Metavante announce $3 billion merger

Company would be largest provider of services to financial industry

A merger of Fidelity National Information Services Inc. and Metavante Technologies Inc. will create the world’s largest provider of payment and processing services to the financial industry, the companies said Wednesday.

Pending approval by regulators and shareholders of both companies, Milwaukee, Wis.-based Metavante will be merged into a newly formed subsidiary of Fidelity National Information Services, in an all stock deal valued at about $3 billion.