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Authorize.Net to be sold for $565 million
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psunite



Joined: 27 Jan 2005
Posts: 6198
Location: Columbus OH

Posted: Mon Jun 18, 2007 9:02 pm    Post subject: Authorize.Net to be sold for $565 million  

The electronic payment company CyberSource Corp. today said it will acquire Authorize.Net, a Marlborough company that provides electronic merchant services, for $565 million.

Authorize.Net shareholders will receive 1.1611 shares of CyberSource common stock for every share of Authorize.Net. They will also share a payout of approximately $125 million in cash.
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nopaypal



Joined: 24 Feb 2006
Posts: 2002

Posted: Mon Jun 18, 2007 9:35 pm    Post subject:  

guess bidpay is making money!
:D
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