Thursday, November 08, 2007

AP:Analysts Say MasterCard Inc. is Next to Settle with American Express Co (via AP)

Click here to read the AP story. Which included a mention by "Bear Stearns analyst David Hochstim [who] said Mastercard® may not feel pressured to resolve the litigation quickly. Visa, he said, was concerned about resolving the issue before its upcoming initial public offering."

This news is most significant, as the AmEx® suit is tiny in relation to the much larger and more widespread merchant antitrust litigation, which has the potential not just to distract from the VISA IPO, but cause the company to face insolvency.

[Commentary,, via AP news story]