A PYMNTS Company

EU: Visa Europe price tag may balloon to $10B

 |  November 24, 2014

Visa said in a filing with the Securities and Exchange Commission last week that it may have to pay up to $10 billion to acquire Visa Europe.

According to reports, Visa Europe’s current owners may decide to sell the company, based in London. Visa noted that should it need to acquire the company, it may issue debt or equity or find a third party financer.

Reports say Visa Europe is currently owned by more than 3,700 financial institutions across Europe. Visa announced the possible price tag of its European licensee in its annual filing with the SEC.

Full content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.