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Investcorp and the Moneybookers Bid

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Investcorp, the largest Bahrain-based investment company with $67.4 billion in assets, announced yesterday that it is considering a $1.2 billion takeover bid for online payment service Moneybookers (formerly known as Sagepay). The announcement is seen as a clear bid for strategic control, and could help Investcorp consolidate its position as a major investment company in the Middle East. The bid will face opposition from several smaller European payments providers, but Investcorp has a proven track record in the

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