Altarock Partners acquired 875 Thousand Visa shares worth $307 Million. That's 6.36% of their entire equity portfolio (7th largest holding). The first Visa trade was made in Q4 2014. Since then Altarock Partners bought shares seven more times and sold shares on twelve occasions. The stake costed the investor $170 Million, netting the investor a gain of 81% so far.
The payment method could debut later this year.
Visa Inc (NYSE:V) is partnering with social media platform X, formerly known as Twitter, to launch a digital wallet along with other products.
The social media company said it would start a peer-to-peer payments service, moving to expand the app's abilities.
Elon Musk's social media company X announced Tuesday it secured Visa as its partner for its upcoming digital payments service “X Money,” making the most tang...