Fidelity National Shelves IPO ForOutsourcing Unit

JACKSONVILLE, Fla. - (12/13/04) -- Title insurer Fidelity NationalFinancial Inc. said it has cancelled plans for a spin-off of itsfledgling financial services outsourcing business and insteadagreed to sell a 25% interest in the business to two buyoutcompanies for $500 million. The sale, to Texas Pacific Group andThomas H. Lee Partners, will help finance a special $10 a sharedividend to Fidelity National shareholders as well as arecapitalization of the outsourcing business, known as FidelityNational Information Services. The unit consists of the company'srecent acquisitions, including InterCept Inc., ALLTEL InformationServices, VISTA Information Solutions, Aurum Technology and SanchezComputer Associates.