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Visa Inc. and Visa Europe have announced a definitive agreement for Visa Inc. to acquire Visa Europe, creating a single global company. The transaction consists of upfront consideration of €16.5 billion with the potential for an additional earn-out of up to €4.7 billion payable following the fourth anniversary of closing, for a total value of up to [...]

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Visa Inc. has confirmed it is in talks to reunite with former subsidiary Visa Europe in a deal that would give the global company more scale to compete with rival MasterCard. Shares of Visa, which also reported a better-than-expected quarterly profit as its US customers spent more, rose as much as 7.5% to $77.11 in [...]

The post Visa Inc. re-ignites talks to buy Visa Europe appeared first on Payments Cards & Mobile.