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Visa, Plaid Terminate $5.3 Billion Merger Deal
January 13th, 2021 - 01:30 GMT

Visa, Plaid Terminate $5.3 Billion Merger Deal

Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a “a monopolist in online debit transactions” and that the proposed acquisition “would eliminate a nascent competitive threat” to that monopoly, Reuters ...
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