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Visa to Buy Visa Europe in Deal That Could Exceed $23B

Payment processing giant Visa announced plans Monday to buy its sister company, Visa Europe, in a deal that could be worth more than $23 billion and would consolidate all of Visa's operations worldwide. The deal would make the world's largest payment processing company even larger. The two companies have more than 2.9 billion cards issued on its combined network, processing roughly 88 billion individual transactions a year. "We are very excited about unifying Visa into a...

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