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Mastercard is purchasing fintech data aggregator Finicity in a deal that will hit close to $1 billion. So reports Barron's.

MastercardThe sale will include $825 million in cash and up to $160 million paid to shareholders if the company hits certain performance metrics. Mastercard is looking to bolster its open-banking platform with the acquisition.

The deal is expected to be completed by the end of the year.

Read the full article from Barron's.

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