CyberSource shareholders approve purchase by Visa - BusinessWeek
Shareholders of electronic payment processor CyberSource Corp. on Tuesday approved a $2 billion cash acquisition by Visa Inc.
About 71.8 percent of outstanding shares voted, of which 99.8 percent came out in favor of the purchase.
The transaction, announced in April, does not require approval by Visa's shareholders and is expected to close Wednesday.
Visa's purchase of CyberSource seeks to tap the growing global market for online payments. Moreover, CyberSource's fraud prevention technology also should help Visa boost the online use of credit, debit and prepaid cards that bear its name.
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