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Corporate IT Update-August 19, 2010-DataCash to be acquired by MasterCard (C)1995-2010 M2 COMMUNICATIONS http://www.m2.com
MasterCard Incorporated (NYSE:MA), an international financial organisation, announced today that it has entered into an agreement to acquire DataCash Group plc (AIM: DATA), a European payment services provider, for GBP3.60 per share in cash.
The company said that the purchase price represents a consideration of approximately GBP333m (USD520m) in aggregate. DataCash develops and provides outsourced electronic payments solutions, fraud prevention, alternative payment options,...