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Visa to buy former subsidiary Visa Europe for up to $20 bln-Bloomberg

May 8 (Reuters) - Visa Inc is in preliminary talks to buy former subsidiary Visa Europe Ltd, in a deal that could be valued at up to $20 billion, Bloomberg reported, citing people with knowledge of the matter.
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The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides cannot agree on a price, Bloomberg said. (http://bloom.bg/1GTU8L7)

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The range being discussed is $15 billion-$20 billion and both companies are working with advisers, Bloomberg said.

Both Visa and Visa Europe were not immediately available for comment. (Reporting by Neha Dimri in Bengaluru; Editing by Simon Jennings)

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