Fundamo Acquisition and Monitise Agreement
On June 9, 2011, Visa Inc. acquired Fundamo, a leading platform provider of mobile financial services for mobile network operators and financial institutions in developing economies, for approximately $110 million in cash.
Additionally, Visa Inc. signed a new commercial agreement with Monitise, a global leader in mobile money solutions, to expand delivery of mobile financial services to banked Visa account holders in conjunction with Visa's financial institution partners.
On March 1, 2011, Visa Inc. acquired PlaySpan Inc., a privately held company whose payments platform handles transactions for digital goods in online games, digital media and social networks around the world, for approximately $225 million in total purchase consideration.
On July 21, 2010, Visa Inc. acquired CyberSource Corporation at a price of $26.00 per share or total consideration of approximately $2.0 billion. CyberSource operates as a wholly-owned subsidiary of Visa Inc.
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