Announced
Completed
Financials
Sources
Mastercard First Offer
RNS Announcement -
Visa Offer Update
RNS Announcement -
Offer Update
Visa -
Visa Offer Update
RNS Announcement -
Satisfaction of FCA Condition
RNS Announcement -
Visa Second Offer Update
RNS Announcement -
Visa First Offer
RNS Announcement -
Update
RNS Announcement -
Press Release
Visa -
Changes to stated post-offer intentions
Visa -
Rule 19.6(c) Confirmation
Visa -
Tags
Public
Scheme
Acquisition
United Kingdom
Financial Data and Systems
financial services
Original Bidder Won
Friendly
Completed
Majority
Synopsis
Visa completed the acquisition of the cross-border payment firm Earthport, for £247m ($323m). With the acquisition of Earthport, Visa expects to be able to reach the vast majority of the world’s banked population and allow them to easily, quickly and securely move money worldwide. FCA has unconditionally approved the proposed acquisition of control Visa of Earthport Group entities authorised and regulated by the FCA. “The acquisition of Earthport unleashes the power of Visa by taking us 'beyond the card,' empowering us to enable our clients to make payments through bank accounts around the world,” Bill Sheley, Visa Head of global push payments.
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