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Business Services & Equipment M&A image Business Services & Equipment M&A » By The Online Investor Staff, updated Sun., Oct. 17, 11:23 AM Recent mergers and acquisitions in the Business Services & Equipment M&A category.

Slide #93. MasterCard Provus

Acquirer: MasterCard (NYSE:MA)
Acquiree: Provus
Details: MasterCard (NYSE:MA) today announced that it has entered into an agreement to acquire Provus Bili?im Hizmetleri A. ?. ("Provus"), Turkey's leading independent payment solution and processing provider. The acquisition will build on MasterCard's strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and customers in the emerging prepaid and mobile payments space. This transaction, which is subject to regulatory approval, is anticipated to close in the fourth quarter of 2013.

Mastercard is a technology company in the global payments industry that enabling consumers to use electronic forms of payment instead of cash and checks. Co. provides a range of payment solutions and services using its brands, including Mastercard®, Maestro® and Cirrus®. Co. operates a multi-rail network that provides customers one partner to turn to for their domestic and cross-border payment needs. Co. has additional payment capabilities that include automated clearing housetransactions. Co. also provides offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs, processing and open banking.

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Company Name: 
Mastercard Inc
Stock buyback: 
MA buyback
Website: 
www.mastercard.com
Sector: 
Business Services & Equipment
Number of ETFs Holding MA: 
115
Total Market Value Held by ETFs: 
$32.65B
Total Market Capitalization: 
$335.10B
% of Market Cap. Held by ETFs: 
9.74%
 

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Strong Buy (3.68 out of 4)
61st percentile
(ranked higher than approx. 61% of all stocks covered)

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