Wednesday, November 09, 2011 7:35:29 PM
"An example in the vast potential of the market is when CyberSource Corporation (NASDAQ: CYBS) acquired Authorize.Net in November 2007 for $700M. At the time, Authorize.Net was a payment gateway provider with only 190,000 merchant customers."
That's not the end of that story, however:
"Authorize.net has been a trusted partner of Platinum Payment Systems for many years. At Platinum we have seen Authorize.net grow and become a powerhouse in the payment gateway industry. Authorize.net was acquired by CyberSource, another leading payment solution provider, approximately one year ago, and we are now happy to announce that Visa has entered into an agreement to acquire CyberSource."
Visa paid $26.00 a share, a total of about 2 billion dollars.
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