MasterCard completes DataCash acquisition
MasterCard Incorporated (NYSE:MA) announced today that it has completed its acquisition of DataCash Group plc (AIM:DATA), at a price of 360 pence per share in cash, representing £334 million (US$526 million) in aggregate.
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The acquisition of DataCash expands MasterCard's existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide, and allows MasterCard to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets.