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Chrysalis Investments sells holding in Featurespace to Visa
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This is the latest push from Visa to bolster its AI capabilities, as Antony Cahill, global head of value-added services at Visa, said: «Featurespace's strong foundation in AI will enhance our existing product portfolio and enable us to address our clients' most complex and pressing challenges.» Regarding Chrysalis, the transaction is expected to generate £89m in gross proceeds for Chrysalis, with £79m to be paid upfront, according to a London Stock Exchange notice on Thursday (26 September). The sale price of Featurespace will come at a 20% premium to Chrysalis' current carrying value...
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