The Terminals, Solutions & Services (TSS) business line of merchant acquirer Worldline will be sold to private equity funds manager Apollo, an alternative asset manager, for $1.92 billion (€1.70 billion) in cash up front if, as expected, the transaction closes in the second half of this year. The value of the deal could increase by up to another $1.02 billion (€0.90 billion). This is predicated on the return on investment of Apollo at the time of exit. It would reach the maximum increase if TSS attains 90% of its business plan. That amount would be paid for in preferred shares of th...