Visa has increased its offer for British payments firm Earthport as its takeover tussle with rival Mastercard continues. Visa has increased its offer for British payments firm Earthport as its takeover tussle with rival Mastercard continues. Earthport’s interim chair Sunil Sabharwal said: “The board of Earthport is pleased to recommend Bidco’s (Visa’s) cash offer for Earthport which is at a 12% premium to the Mastercard proposal. “This revised cash offer provides our shareholders with even greater value in cash for their shares.”Visa said it has the backing of around 17% of Earthport shareholders for its offer. Mastercard said it is now considering its options, urging Earthport shareholders to take no action on Visa’s bid.

Source: Irish Independent February 08, 2019 08:15 UTC