Visa’s multi-billion investment in European open banking platform

Published

3 years ago

June 24, 2021

Payments technology company Visa has confirmed it has signed a deal to buy Swedish open banking platform Tink

The payment tech company is set to hand over $2.15 billion for the acquisition, one of the largest investments for the company.

The total financial consideration included cash and retention incentives.

Visa says Tink would retain its brand and management team, and its headquarters would continue to operate as normally in Stockholm.

Visa is now set to fund the deal from cash on hand and the acquisition would have no impact on Visa’s previously announced stock buyback programme or dividend policy.

In January, Visa and financial technology company Plaid called off their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the merger on antitrust grounds

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.