Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Skrill Agrees to Buy Paysafecard.Com for $174 Million

Don't Miss Out —
Follow us on:

June 28 (Bloomberg) -- Investcorp, a Bahrain-based private equity firm, said its Skrill unit agreed to buy paysafecard.com Wertkarten AG, an Austrian provider of prepaid vouchers that enable consumers to shop online, for as much as 140 million euros ($174 million).

The combined group will have more than 27 million end-users, almost 130,000 merchant customers and over 100 different payment options in more than 40 currencies, Investcorp said in a statement on its website today.

The acquisition of paysafecard.com Wertkarten and the indirect acquisition of paysafecard.com Wertkarten Vertriebs GmbH and Prepaid Services Co. Ltd. is subject to regulatory approvals, it said.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.