MasterCard Acquires Travelex's Prepaid Card Program Management Assets for $458M

by Benzinga Staff
December 9, 2010 7:34 AM | 18 seconds read |
MasterCard Incorporated MA and Travelex today announced that MasterCard has purchased the prepaid Card Program Management operations of Travelex for £290 (US $458) million in cash, with an earn-out of up to an additional £35 (US $55) million if certain performance targets are met. The transaction is expected to close in the first half of 2011.
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