A PYMNTS Company

UK: VokaLink to sell for £700m

By  |  July 21, 2016
UK: VokaLink to sell for £700m

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

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

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

    Full Content: Reuters

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