What is the relationship between Visa Inc and Visa Europe in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

News (Other OTC: NWSAL - news ) of the likely terms of a deal comes just weeks after Visa Inc confirmed that it was in discussions with Visa Europe about a combination of their businesses, saying that it hoped to agree a transaction by the end of October.

Answer: subsidiary