Visa now owns a big chunk of Square shares, even though it has a competing product (SQ)

Business Insider
By Eugene KimFeb 11, 2016, 7:52 pm150 pts
Visa is now a major shareholder of Square, owning 9.99% of the payments company, according to a regulatory filing on Thursday. Given Visa wasn't listed as one of Square's major shareholders in the S1 filed last year, it seems like it significantly increased its ownership after Square went public in…

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