Visa Inc.NYSE
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  • Nov. 2, 2015, 8:28 AM
    • Visa (NYSE:V) says the acquisition of Visa Europe will add 1.5T annual payments and 500M European-based Visa cards into the company's hopper.
    • The company also points out the enormous upside sitting in Europe where 37% of transactions are still completed by cash or check. Visa plans to push new mobile payment platforms with the acquired European business.
    • Visa will issue senior debt of up to $16B to help finance the acquisition which will give it an initial debt leverage rate of 1.4-1.5X EBITDA. Over the long term, the leverage rate is expected to fall in a range of 1.1 to 1.5X EBITDA.
    • Investors are cautious over the deal in early trading with shares down 1.78% to $76.20. FQ4 earnings are also in the mix.
    • Previously: Visa misses by $0.01, revenue in-line (Nov. 02 2015)
    • Previously: Visa lands Visa Europe in highly-anticipated deal (Nov. 02 2015)
    | Nov. 2, 2015, 8:28 AM | 16 Comments
  • Nov. 2, 2015, 7:03 AM
    • Visa (NYSE:V) strikes an agreement to acquire Visa Europe in a deal valued at up to €21.2B ($23.4B).
    • The company will make an upfront payment of €16.5B.
    • Previously: Visa closing in on landing Visa Europe (Oct. 29 2015)
    • Shares of Visa are down 1.39% premarket.
    | Nov. 2, 2015, 7:03 AM | 3 Comments
  • May 8, 2015, 2:52 PM
    • Visa (NYSE:V) spikes higher in mid-day trading off a report the company is in talks to acquire Visa Europe.
    • The deal size could be as high as $15B to $20B.
    • Visa Europe became independent from its former parent company back in 2007.
    • Shares of Visa are up 4.52% to an all-time high of $69.59.
    | May 8, 2015, 2:52 PM | 21 Comments
  • Feb. 27, 2015, 1:42 PM
    • Visa (V -0.5%) announces it will acquire payments technology firm TrialPay.
    • The company plans to integrate TrialPay into its merchant solutions products.
    • Terms of the deal weren't disclosed.
    | Feb. 27, 2015, 1:42 PM | 5 Comments
  • Sep. 18, 2014, 7:21 AM
    • Visa (NYSE:V) has trimmed its stake in mobile banking concern Monitise (OTCPK:MONIF) down to 5.5% from 15% and is taking advice from bankers on what to do the remaining block of shares, reports Financial Times.
    • Shares of Monitise have tumbled in London trading off the development.
    | Sep. 18, 2014, 7:21 AM | 8 Comments
  • Mar. 20, 2013, 3:24 AM
    The European banks that own Visa Europe are reportedly considering exercising a put option to sell the company to Visa (V) in a deal that would be worth $3-$11B, depending on various factors. A transaction would add scale to Visa and enable it to enter new markets, although the company would also be exposed to Europe's wretched economy and its regulations, while the selling banks could set up a rival company.
    | Mar. 20, 2013, 3:24 AM