visa inc.e expect single-digit percentage point in our eps. this is going to be very creative, but more importantly, it is extraordinary for the visa brand and business around the globe. it creates banks in europe who get access to all the visa resources. visa inc. shareholders, they get to be in more countries. 500 million more cardmembers. $1.7 trillion in payment volume. all in all, we are very confident that a lot of long-term shareholder value is there. alix: just to add another big number -- visa europe is owned by more than 3000 banks. getting so many of them to agree to a deal like this is something visa has said it would take a long time to do and would be difficult to do. having said that, what was the catalyst that made this all come together right now? vasant: a variety of things. first of all, i think visa europe knows the mode of payments is changing. they need access to the best technology, the financial resources of a global enterprise that visa has. for us, the timing was good

paying more than $23 billion for the european bank-owned visa europe gives san francisco-based visa inc. access to 38 new countries and 500 million new cardholders. europe becomes visa's second largest market behind the u.s. ceo charlie sharp telling analysts on a call the deal fills in a critical piece missing from visa's global footprint. >> this transaction does create a truly integrated global leader that will allow us to capitalize on strong growth opportunities in a highly attractive region prrpt like smaller rival mastercard visa's global profile will be unified, resulting in $200 million in cost savings along with added earnings soon after the deal closes. >> we expect it to be accretive to our stand-alone revenue and eps growth before transition costs, beginning in fiscal year 2017, the first full year of the combination. >> reporter: the world's largest electronic payments firm paying cash, preferred stock and an earn-out to investors based on the new company meeting certain revenue targets. to fund the cash portion visa's raising 15 to 16 billion dollars in debt while promisi

for visa inc. s a real opportunity for visa shareholders to get into 38 more countries, 500 million more card members, $1.7 trillion in payment volume. all in all we think this creates substantial long-term value for everyone involved and we've structured a transaction that gives all parties the opportunity to work together to building long-term value for their mutual benefit. we're thrilled about this. >> our bob pisani suggested that as chase pay has launched now giving a lot of attention kind of coming straight at the card companies, the payment processors i should say, is this a way for you guys to centralize command and make a global effort at combating some of the innovation in final technology that we're seeing? >> no, this is unrelated to chase pay. chase is a big customer of ours, an important customer. chase pay is a new initiative, it's early days, we will have to see how that evolves. no. in fact, it's the other way around. we think by doing this transaction we can bring to europe the ki

inc. -- regional bank in the u.s.? ♪ betty: good morning. welcome back to "bloomberg market." time for bloomberg business flash. eight years after their breakup, visa visa europe getting back together. these are great so by its european subsidiaries for $23 billion. visa is the world's largest payment system. its earnings from europe had been seen as a weakness. another big transaction in biotech. the irish drugmaker shire will buy dyaks for at least five point billion -- i billion dollars in cash. dyax makes a promising treatment for a rare decided -- a rare genetic disorder. it willun research says not release new allegations against valeant. , did after citroen accused the company of recording fake sales. you can always get more business news at bloomberg.com. to our markets desk, where matt miller has a check of other company movers. matt: i want to show a cool function on the bloomberg terminal. pn," you getin "bs the bloomberg social philosophy monitor. you get the stocks that are being tweeted about the most. i can show you bsvm. tweetedoffshore being about a lot. hp, we will talk about in a second. there you see chipotle. you can see the se