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    News in brief

    Visa amends financial details of Visa Europe acquisition

    News in brief

    Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on the third anniversary of closing,” Visa says.

    Filed by Email Rian Boden Published • Last updated 25 April 2016, 15:10

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