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UK: VokaLink to sell for £700m

By  |  July 21, 2016

Reuters reports that MasterCard Inc said it would buy 92.4 percent of London-based VocaLink Holdings Ltd for about 700 million pounds as the one of the world’s top payment network providers looks to strengthen its presence in the UK market.

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    MasterCard also said that VocaLink’s existing shareholders could get an additional $220 million if certain performance targets are met.

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    VocaLink’s Chief Executive David Yates will join MasterCard’s management committee if the deal closes.

    Full Content: Reuters

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