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0 0 -3.99384947182113E-05 -3.99384947182113E-05 -0.00105837011003061 -0.00461289613994449 -0.00347464904047768 -0.000159753978872618
Stock impact report

Mastercard considers sale of payments unit acquired from Nets – report [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The sale, if materialised, would unwind the credit card giant's largest ever takeover deal, noted the news publication. Mastercard has hired investment bankers to manage the sale, which could draw interest from private equity groups, the unnamed sources said. However, the company is likely to fetch a lower price than the $3.2bn it originally paid for the business. In 2019, Mastercard acquired a majority stake in Nets' corporate services businesses, including its clearing, instant payment services and e-billing solutions. At the time, the company said the deal would help it evolve into a “multi-rail” payments group serving merchants, banks and governments. “Half of payments happen directly from one bank account to another, and for our bank partners, we want to be a one-stop shop for all payments,” Michael Miebach, currently Mastercard's CEO, told the FT in 2019. As per the latest FT report, the unit has since dragged Mastercard's overall growth. The business unit, which Show less Read more
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