Business Services & Equipment M&A » By The Online Investor Staff, updated Wed., May. 1, 8:10 PM
Recent mergers and acquisitions in the Business Services & Equipment M&A category.
Slide #93. MasterCard — Provus
Acquirer: |
MasterCard (NYSE:MA) |
Acquiree: |
Provus |
Details: |
MasterCard (NYSE:MA) today announced that it has entered into an agreement to acquire Provus Bili?im Hizmetleri A. ?. ("Provus"), Turkey's leading independent payment solution and processing provider. The acquisition will build on MasterCard's strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and customers in the emerging prepaid and mobile payments space. This transaction, which is subject to regulatory approval, is anticipated to close in the fourth quarter of 2013. |
Mastercard is a technology company that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations by enabling electronic payments instead of cash and checks. Co.'s payment products and applications include: consumer payment products, which includes consumer credit, consumer debit and prepaid; and new payment flows, which includes disbursements and remittances, commercial point of sale, business-to-business accounts payable and consumer bill payments. Co.'s services include: cyber and intelligence solutions, which prevents, detects and responds to fraud and cyber-attacks; data and services solutions; and processing and gateway.
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May 1, 2024 8:10 PM Eastern
Strong Buy (3.83 out of 4)
73rd percentile
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