Mastercard to purchase a minority stake in MTN’s $5.2B fintech business

TechCrunch
By Tage Kene-OkaforAug 14, 2023, 6:14 am229 pts
Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cellphone provider, which it values at $5.2 billion. The signing of the formal investment agreements will likely occur very soon as both parties near the end of the regular due diligence process; the…

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