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Visa Buys CyberSource For $2 Billion

April 21, 2010, 7:10 am
Visa said today it has agreed to buy online payment processing firm CyberSource in an effort to strengthen its ecommerce business. Visa said it will pay $26 a share or about $2 billion for CyberSource. The deal is expected to close in Visas fiscal fourth quarter. The transaction will dilute Visas earning for that quarter by about 4 or 5 cents a share. CyberSource processes about 25 percent of all ecommerce transactions in the United States. The company serves more than 295,

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