JPMorgan agrees to acquire 49% stake in Greek fintech Viva Wallet
Yahoo! Finance
JPMorgan said on Tuesday it had agreed to acquire an around 49% stake in Athens-based payments fintech Viva Wallet, subject to regulatory approvals. Financial terms of the transaction were not disclosed, but sources close to the deal told Reuters Viva Wallet was valued at more than $2.0 billion. JPMorgan's investment will top $1.15 billion, including a capital increase in Viva Wallet which will not dilute its founders' majority stake of 51.5%, said the sources, who declined to be named.
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