FIS to Buy SunGard For $9.1 Billion

The two companies will have over $9.2 billion in combined annual revenues.

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SunGard is based in Wayne, Pa., near Philadelphia (above).

FIS will acquire 100 percent of the equity of the Wayne, Pa.-based company for a combination of cash and stock that values the company at $9.1 billion, including the assumption of its debt, which FIS said it plans to refinance. The two companies will have over $9.2 billion in combined annual revenues.

"By bringing together two innovative companies with common business models, similar cultures, strong leadership and complementary solutions, we are enhancing our ability to empower our clients and