Visa Now Sees Cost of Visa Europe Option Topping $10 Billion
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Visa Inc., the world’s biggest payments network, said it may have to pay more than $10 billion to buy Visa Europe Ltd. if the banks that own it decide to exercise their option to sell.
Visa may seek third-party financing or sell debt to help pay for the purchase, the Foster City, California-based firm said today in its annual regulatory filing. The company said last year that London-based Visa Europe’s perpetual put option could cost several billion dollars or more.