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Visa Said in Talks to Buy Visa Europe for Up to $20 Billion

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Visa Inc., the world’s largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as $20 billion, people with knowledge of the matter said.

The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides can’t agree on a price, said the people, who asked not to be identified because the negotiations are private. The range being discussed is $15 billion to $20 billion, the people said. Both companies are working with advisers, they said.