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Mastercard announces $3.19B acquisition of payment company

Mastercard Inc. announced the biggest acquisition in its history, as the card network continues its efforts to move beyond plastic. The company plans to acquire the account-to-account business of Danish payment-technology company Nets for $3.19 billion, in a deal expected to close during the first half of 2020. Mastercard will be gaining infrastructure, bill-payment technology, and open-banking capabilities through the acquisition.

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