Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Visa to buy Visa Europe in deal worth up to 21.2 billion euros

But the market thinks it may be overpaying.




Visa Inc is to buy former subsidiary Visa Europe Ltd in a deal valued at up to 21.2 billion euros ($23.4 billion), putting the company in a stronger position to compete worldwide with MasterCard Inc.

Visa, the world’s largest credit and debit card company, said it would pay €16.5 billion up front (split two-thirds in cash, one-third in shares), with potential for an additional payment of up to €4.7 billion based on revenue targets four years after the close of the deal.


Read the full story at Furtune



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.