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HP acquires VeriFone

Published on .

Hewlett-Packard Co. said it agreed to acquire VeriFone, a provider of electronic commerce tools, in a stock deal valued at $1.18 billion. VeriFone markets credit card readers to retailers and software that consumers can use at home to make online transactions. VeriFone will be an independent subsidiary of HP.

Copyright April 1997, Crain Communications Inc.

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