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Friday, November 21, 2014

Visa sees Visa Europe option now costing more than $10 billion, (NYSE: V)

Visa Inc, the world's largest credit and debit card company, said it might have to pay more than $10 billion to purchase its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it. Visa might issue debt or equity, or need third-party financing, to fund the purchase of Visa Europe, it said in an annual filing with regulators.

Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments. Shares of V traded higher by 1.01% or $2.55/share to $254.22. In the past year, the shares have traded as low as $194.84 and as high as $252.43. On average, 2862300 shares of V exchange hands on a given day and today's volume is recorded at 2971705.