Visa (NYSE: V) extended its global sponsorship deal with the International Olympic Committee through 2020 on Tuesday, according to Associated Press.
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The eight-year renewal was signed in Moscow at a ceremony attended by IOC president Jacques Rogge and Dmitry Chernyshenko, president of the 2014 Sochi Winter Olympics.
The value of the deal was not disclosed, but most four-year sponsorships are worth around $100 million.
Visa becomes the IOC's third top-tier sponsor to renew its partnership for the next six Olympic Games. Coca-Cola and Omega have also signed up through 2020.
The credit card company was a founder member of the global Olympic partner program in 1986.
The IOC has nine top-tier partners, including Visa, paying a total of $883 million for the 2010 Vancouver Winter Olympics and 2012 London Summer Games.
The others are Acer, Atos Origin (NYSE: ATO), Coca-Cola (NYSE: KO), General Electric (NYSE: GE), McDonald's (NYSE: MCD), Omega, Panasonic (NYSE: PC) and Samsung.
The Panasonic and Samsung deals run through the Sochi Winter Olympics and the 2016 Summer Games in Rio de Janeiro.
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