VISA To Buy PlaySpan For $190 Million, To Expand Digital Payment Options
Thursday, February 10, 2022 2:00 PM

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World’s largest retail electronic payment and credit card network company, Visa Inc. (NYSE: V) will acquire privately held PlaySpan Inc. for $190 million. PlaySpan Inc. is a payment company that processes transactions in online games, digital media and social networks.

PlaySpan provides a platform to the merchants that allow them to monetize their content using broad suite payments and commerce related solutions in fraud and risk management, analytics, merchandizing, global payment connectivity. Merchants use PlaySpan for consumers to make safe and convenient purchase online for items like game credits, premium memberships, and digital goods.

The acquisition of PlaySpan, compliment the recent acquisition of CyberSource by VISA, as it increases the capabilities of Visa into one of the fastest growing segment of e-commerce’s digital and mobile commerce segment. Last year, global e-commerce sales reached an estimated $948 billion and it has remained a significant growth opportunity for Visa.

Within the eCommerce, the digital and mobile commerce category, PlaySpan is a leader in this relatively new segment of digital goods, which generated $25 billion globally in 2010. This figure is expected to reach $280 billion by 2014.         

According to the terms of the deal, Visa will pay $190 million in cash, plus additional consideration for performance milestones. The acquisition is expected to be completed in Visa's fiscal second quarter 2011, pending satisfaction of customary closing conditions including regulatory approvals. The acquisition is expected to be slightly dilutive to Visa’s earnings per share in its fiscal year 2011 ending September 30, 2011.
 

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