MasterCard to Acquire DataCash for 333 Million Pounds
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MasterCard Inc., the world’s second-biggest payments network, agreed to buy DataCash Group Plc for about 333 million pounds ($517 million) in cash to expand e-commerce offerings.
DataCash, a U.K. processor of Internet credit-card sales, rose 52 percent to 355 pence at 4:35 p.m. in London trading. MasterCard said the recommended offer of 360 pence a share was about 52 percent more than the London-based company’s average closing price of 237 pence for the past month.