Sky News – 8/20/15: The American payments giant Visa has tabled a $21bn offer to acquire its European sister company in a deal that would crystallise huge windfalls for some of Britain’s biggest banks. Sky News has learnt that Visa Inc has proposed the outline of a takeover which would include a substantial up-front payment. A substantial element of the $21bn headline price tag would be deferred and payable according to a range of performance-related conditions, according to people close to the situation.
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