Visa said yesterday that it was offering 37p per share for Earthport, a London-based crossborder payments processor with promising technology and an global network.
Last month, Mastercard offered around £233m for the assets but Visa has now trumped that with its latest offer of 37p per share, 23 per cent more than its original bid.
Former Fleetwood Mac guitarist Buckingham undergoes open heart surgery
But despite all this, our gratitude for life trumps all obstacles we have faced at this moment. "We feel so fortuante he's alive. Elsewhere in the note, she says that Buckingham suffered some vocal cord damage in the midst of the health crisis.
It is an advance on its previous offer of 30p per share and follows a January bid from Mastercard of 33p.
Both Visa and Mastercard have cited the same reason for their interest in Earthport - the deal would allow it to expand its cross-border network service.
Shares in Earthport jumped by nearly 9% to 42p after the news this morning, while Mastercard was prompted to issue a short statement saying: "Mastercard is considering its options and urges Earthport shareholders to take no action in response to the announcement by Visa".
Ivanka Trump Says She Knew Little About Moscow Project
Ivanka Trump said there was nothing "strange" about a real estate development company having property in Russian Federation . She said she "barely" knew about the potential plans. "I have zero concern".
Another statement from Mastercard is expected in due course.
"This revised cash offer provides our shareholders with even greater value in cash for their shares".
The deal war comes after a hard year for Earthport in which it lost a major customer, saw reduced transaction volumes and underwent a management shake-up.
Townsend backs Scotland to bounce back against France
Scotland's captain Laidlaw expressed frustration with referee Romain Poite in a pitchside interview after the final whistle.