Visa to buy former subsidiary Visa Europe for up to $20 billion: Bloomberg

May 8, 2015 7:41 PM

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Visa to buy former subsidiary Visa Europe for up to $20 billion: Bloomberg

Visa Inc (V.N) is in preliminary talks to buy former subsidiary Visa Europe Ltd, in a deal that could be valued at up to $20 billion, Bloomberg reported, citing people with knowledge of the matter.

The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides cannot agree on a price, Bloomberg said. (bloom.bg/1GTU8L7)

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