- Visa (NYSE:V) raises its offer for payment solutions company Earthport (OTCPK:EPCUF) to £247M ($319.8M), pushing past Mastercard's (NYSE:MA) earlier bid.
- Visa offers 37 pence in cash for each Earthport share, a 23% increase from its initial bid and 12% higher than Mastercard's £233M offer last month.
- Earthport, which had supported the Mastercard bid, says it now recommending shareholders accept the increased Visa offer.