The Antitrust case brought by Master card and American Express against rival Visa three years will cost Visa 2.2 billion dollars at least for now. Visa agreed to give this money to American Express to settle the suit. Master card wants to take the trail to court and has not settled with visa.
Visa is said to be preparing its IPO in coming months.
Wednesday, November 7, 2007
Visa to pay American Express 2.2 Billion Dollars in Antitrust case
Posted by Soletrader at 12:16 PM
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1 Comment:
well 2.2 billion dollars is lot of money
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