MasterCard (MA) to Acquire VocaLink Holdings in ~$1.1B Deal
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MasterCard Announces Acquisition of VocaLink
July 21, 2016 8:00 AM EDTEnhancing Choice, Driving Innovation Across All Payment Types and Payment Flows
PURCHASE, N.Y.--(BUSINESS WIRE)-- MasterCard Incorporated (NYSE: MA) today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for about £700 million (approximately US$920 million), after adjusting for cash and certain other estimated liabilities. VocaLinks existing shareholders have the potential for an earn-out of up to an additional £169 million (approximately US$220 million), if performance targets are met. This transaction is subject to regulatory approval and other customary closing conditions.
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