The Company and one of its subsidiaries are defendants in two purported class action lawsuits: James P.
The Company's operating expenses include costs attributable to Finint's and Costa's operations subsequent to the acquisition dates. As of the acquisition dates, the Company no longer incurs commission costs for transactions related to Finint and Costa rather the Company now pays commissions to Finint and Costa subagents, resulting in lower overall commission expense. The acquisitions do not impact the Company's money transfer revenue, because the Company was already recording all of the revenue arising from money transfers originating at Finint's and Costa's subagents. The Company expects these acquisitions will help accelerate the introduction of additional Western Union products and services and will leverage its existing European infrastructure to build new opportunities across the European Union.
The Company previously held aĮquity interest in each of these agents. (“Costa”), respectively, two of the Company's largest agents providing services in a number of European countries. Interests in European-based Finint S.r.l. The results of operations for TGBP have been included in the Company's consolidated financial statements from the date of acquisition. With the acquisition of TGBP and the Company's existing Business Solutions business, the Company has the ability to leverage TGBP's business-to-business payments market expertise, distribution, product and capabilities with Western Union's brand, existing Business Solutions operations, global infrastructure and relationships, and financial strength. The final consideration and the final purchase price allocation for TGBP are subject to a working capital adjustment, further analysis of tax balances, final valuation of identifiable intangible assets, and other items. , subject to satisfaction of closing conditions. The acquisition of the French assets of TGBP for cash consideration of , the Company acquired the business-to-business payment business known as Travelex Global Business Payments from Travelex Holdings Limited for cash consideration of