Visa Inc. to Acquire CyberSource to Accelerate eCommerce Growth

April 25, 2010 by · Comments Off on Visa Inc. to Acquire CyberSource to Accelerate eCommerce Growth 

Web Hosting ServicesSAN FRANCISCO & MOUNTAIN VIEW, CA – Visa Inc. (NYSE: V) (“Visa”) and CyberSource Corporation (Nasdaq: CYBS) (“CyberSource”) today announced that they have entered into a definitive agreement for Visa to purchase CyberSource, a leading provider of electronic payment, risk management and payment security solutions to online merchants at a price of $26.00 per share, or total consideration of approximately $2.0 billion to be paid with cash on hand.

CyberSource is an established industry leader that plays a role in processing approximately 25 percent of all eCommerce dollars transacted in the United States. The company serves more than 295,000 merchants through its CyberSource and Authorize.Net branded solutions. CyberSource clients include British Airways, Home Depot, Facebook, Google and many small businesses. Read more