Fidelity National, Tyler Scrap Plan to Form Data Company
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Fidelity National Financial Inc. in Irvine and a Dallas Internet information management company said Friday they have terminated a tentative acquisition, which would have formed a data and information Internet company. Fidelity, which operates the nation’s largest title insurer, and Tyler Technologies Inc. said they agreed instead to “explore alternative strategies.” They didn’t provide further details. In April, Fidelity said it intended to buy 10% of Tyler’s common shares under an agreement that would have created a business-to-business information portal called NationsData.com.
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