Visa Seals £247M Deal As UK Antitrust Agency Ends Probe

Law360, London (May 8, 2019, 6:21 PM BST) -- Visa said Wednesday that it has taken control of London-based Earthport in a £247 million ($322 million) deal after Britain’s antitrust watchdog dropped its investigation into whether the acquisition would hinder competition in the U.K.’s cross-border payments sector.

The Competition and Markets Authority said in a brief notice Wednesday that it decided the deal didn’t qualify for investigation under the merger provisions of the U.K.’s competition law.

Visa Inc., which made its bid for Earthport PLC in February after Mastercard Inc. tabled a £233 million offer, said Wednesday that it had acquired control of the London-based financial technology company. Earthport, which...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS