8-KOther EventsExhibits & Filings

VISA INC. 8-K Report, Corporate Update (Jul 21, 2010)

Filed July 21, 2010For Securities:V

Summary

Visa Inc. announced on July 21, 2010, the successful completion of its acquisition of CyberSource Corporation. This strategic move involved the purchase of all CyberSource common stock at $26.00 per share, representing a total transaction value of approximately $2.0 billion, funded entirely by Visa's existing cash reserves. The acquisition is significant for Visa as it aims to bolster its capabilities in the rapidly growing online and mobile payments space. CyberSource is a leading provider of payment and fraud management solutions, and its integration is expected to enhance Visa's ability to offer secure and comprehensive transaction processing services to merchants and consumers globally. Investors should monitor the integration progress and the impact on Visa's market share and revenue growth in digital commerce.

Key Highlights

  • 1Visa Inc. has completed the acquisition of CyberSource Corporation.
  • 2The acquisition price was $26.00 per share of CyberSource common stock.
  • 3The total consideration for the acquisition amounts to approximately $2.0 billion.
  • 4The transaction was funded using Visa's cash on hand.
  • 5This acquisition is expected to enhance Visa's presence and capabilities in online and mobile payment processing.
  • 6The deal positions Visa to offer more robust fraud management and payment solutions.
  • 7The filing includes supporting documents such as a press release, presentation, fact sheet, and FAQs regarding the transaction.

Frequently Asked Questions

The primary goal of Visa acquiring CyberSource was to strengthen its position in the rapidly expanding online and mobile payment markets and to enhance its fraud management capabilities.

Visa acquired CyberSource for approximately $2.0 billion, paying $26.00 per share for CyberSource's common stock. The acquisition was financed entirely with Visa's existing cash on hand.

CyberSource is a leading provider of payment and fraud management solutions. Its expertise and technology are valuable to Visa as they help secure and facilitate online and mobile transactions, which are critical growth areas for payment networks.

Along with the 8-K filing, Visa provided a press release announcing the completion of the acquisition, a presentation, a CyberSource fact sheet, and frequently asked questions about the transaction.