Veda backs $2.5b takeover offer

US credit information provider Equifax appears to have won over local rival Veda with an increased $2.5 billion takeover offer.

AUSTRALIAN credit information provider Veda Group says it supports an increased takeover offer from US rival Equifax that values it at $2.5 billion.

EQUIFAX originally offered a $2.70-a-share offer in September, valuing Veda at $2.28 billion.