MOUNTAIN VIEW, Calif.,
July 20 /PRNewswire-FirstCall/ --
CyberSource Corporation (Nasdaq: CYBS) announced that, at its
special stockholders meeting held earlier today, its stockholders
approved the acquisition of CyberSource by Visa Inc. (NYSE: V)
("Visa"). Approximately 71.76% percent of the outstanding shares
were voted, of which approximately 99.77% were voted in favor of
the acquisition. Subject to the satisfaction of customary closing
conditions, the acquisition is expected to close July 21, 2010.
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About CyberSource
CyberSource solutions enable electronic payment processing for
Web, call center, and POS environments. CyberSource also offers
industry-leading risk management and payment security solutions for
merchants accepting card-not-present transactions. CyberSource
Professional Services designs, integrates, and optimizes commerce
transaction processing systems. Approximately 305,000 businesses
use CyberSource solutions, including half the companies comprising
the Dow Jones Industrial Average. The company is headquartered in
Mountain View, California, and has
sales and service offices in Japan, Singapore, the United Kingdom, and other locations in
the United States including
Bellevue, Washington and
American Fork, Utah. For more
information on CyberSource please visit www.cybersource.com or
email info@cybersource.com. For more information on Authorize.Net
small business solutions, please visit www.authorize.net or email
sales@authorize.net.
©2010 CyberSource Corporation. All rights reserved. CyberSource
and Authorize.Net are registered trademarks of CyberSource
Corporation in the U.S. and other countries. All other brands and
product names are trademarks or registered trademarks of their
respective companies.
Cautionary Statement under the Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements based on
current expectations or beliefs, as well as a number of assumptions
about future events, and these statements are subject to factors
and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
Forward-looking statements can often be identified by words such as
"anticipates," "expects," "intends," "plans," "predicts,"
"believes," "seeks," "estimates," "may," "will," "should," "would,"
"could," "potential," "continue," "ongoing," similar expressions,
and variations or negatives of these words. The reader is cautioned
not to place undue reliance on these forward-looking statements,
which are not a guarantee of future performance and are subject to
a number of uncertainties, risks, assumptions and other factors,
many of which are outside the control of Visa and CyberSource. The
forward-looking statement in this release addresses the timing of
the pending acquisition by Visa of CyberSource. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: matters arising in connection with the parties' efforts
to comply with and satisfy applicable closing conditions relating
to the transaction; and other events that could adversely impact
the completion of the transaction, including industry or economic
conditions outside of our control. In addition, actual results are
subject to other risks and uncertainties that relate more broadly
to Visa Inc.'s overall business, including those more fully
described in Visa Inc.'s filings with the SEC including its annual
report on Form 10-K for the fiscal year ended September 30, 2009, and its quarterly report
filed on Form 10-Q for the first quarter of 2010, and CyberSource's
overall business and financial condition, including those more
fully described in CyberSource's filings with the SEC including its
annual report on Form 10-K for the fiscal year ended December 31, 2009, and its quarterly reports
filed on Form 10-Q for the current fiscal year. The forward-looking
statement in this release speaks only as of this date. We undertake
no obligation to revise or update publicly any forward-looking
statement, except as required by law.
Additional Information about the Merger and Where to Find
It
In connection with the proposed merger, CyberSource filed a
definitive proxy statement with the SEC on June 11, 2010. The materials filed by CyberSource
with the SEC may be obtained free of charge at the SEC's web site
at www.sec.gov. Investors and stockholders also may obtain free
copies of the proxy statement from CyberSource by contacting its
investor relations department by telephone at (650) 965-6000 or by
mail at CyberSource Corporation, Investor Relations, 1295
Charleston Road, Mountain View,
California 94043. Investors and security holders of
CyberSource are urged to read the proxy statement and the other
relevant materials when they become available before making any
investment decision with respect to the proposed merger because
they will contain important information about the merger and the
parties to the merger.
SOURCE CyberSource Corporation