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US Department of Justice opens investigation into Visa payments to FinTechs
The US Justice Department is investigating Visa for what is feels may be improper relationships with large FinTech companies as part of its antitrust investigation of the company. Antitrust investigators... read more
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Visa’s $20 billion European expansion beginning to pay off
Visa Inc. acquired Visa Europe, spent a lot, and says it has no regrests. Revenue climbed more than analysts expected in the fiscal Q2 and is expected to increase to the upper end of company’s earlier forecast even as expenses remain elevated on costs tied to its purchase last year of Visa Europe. The payments network spent about $1.5 [...]
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Visa Inc. completes acquisition of Visa Europe
Visa Inc. announced the completion of its acquisition of Visa Europe Ltd. The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, more than 40 million merchant outlets, and 3 billion Visa accounts worldwide. Visa–branded cards and payment products enable approximately $6.8 trillion in global payments [...]
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European Commission approves Visa Inc.’s acquisition of Visa Europe
Visa Inc. announced that the European Commission has approved the proposed acquisition of Visa Europe by Visa Inc. Visa has now received all regulatory approvals required for the acquisition. The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc.’s fiscal third [...]
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Visa Inc amends Visa Europe deal
Visa Inc, following feedback from the European Commission has been forced to change the terms of its acquisition of Visa Europe. Under a deal struck in November, Visa Inc was set to pay an upfront consideration of €16.5 billion in cash and stock with the potential for an additional earn-out of up to €4.7 billion payable following the [...]
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