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American Express completes Revolution Money acquisition

18 January 2010  |  2952 views  |  0 Source: American Express

American Express Company today announced that it has completed the acquisition of Revolution Money, a next-generation payments platform launched by Revolution LLC in 2007.

American Express paid approximately $300 million cash for the acquisition.

Revolution Money Inc. is now a subsidiary of American Express Company. Jason Hogg, founder and chief executive officer of Revolution Money Inc., will continue to lead the Revolution Money business.

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