DealZone

DealZone Daily

April 22, 2010

The world’s largest credit and debit card processor Visa is to pay some $2 billion for CyberSource, a company that helps retailers take online payments, including from mobile phones. Analysts estimate Visa already has 45 percent of the online market and the deal will only serve to boost the company’s position further.

The U.S.’s largest mall owner Simon Property Group has sent a revised recapitalization plan to rival General Growth Properties, which would see new investors, including Oak Hill Advisers, RREEF, ING Clarion Real Estate Securities and Taconic Capital, inject a further $1.1 billion into the business. Simon has already offered to invest $2.5 billion for about a quarter of its rival, while  Paulson & Co — the U.S. hedge fund that bet against Goldman Sachs Abacus mortgage product — injecting a further $1 billion.

Film moguls Bob and Harvey Weinstein and backer Ron Burkle could reach a deal for Walt Disney’s Miramax Films within days, despite a rift between the Weinsteins and one of their minority shareholders Mark Cuban.

For more Reuters deals news, click here.

In other media on Thursday:

Private equity firm Advent International is frontrunner to buy sofa chain DFS. Despite claims from the company’s founder Lord Kirkham that he is already “loaded”, the 500 million pound auction of the business has continued, the FT reported.

The FT also wrote that online grocery retailer Ocado is poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible 1 billion pound summer flotation.

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