Visa Abandons Planned Acquisition of Plaid After DOJ Challenge

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Visa is abandoning its $5.3 billion planned acquisition of fintech company Plaid in the face of a DOJ antitrust lawsuit that challenged the deal

Visa Inc. is abandoning its $5.3 billion planned acquisition of Plaid Inc., a key player in the financial-technology space, in the face of aThe department sued to block the deal in November alleging the acquisition would allow Visa to unlawfully maintain a monopoly in the online debit-card market.

Visa initially vowed to fight the government, and a trial was scheduled for June in a California federal court.

 

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Why have they allowed Facebook become the biggest monopoly on the planet? currupt

Oh come on, guys. ‘Visa decides Plaid no longer in fashion’ was right there…

Monopolies not good & gov should do what can to keep from happening. OTH in capitalist society if ppl choose social media platforms to use or a service that works within their resources while satisfying them-must be careful not to simply demonize companies-working in free society

I used to own Visa stocks.

Who says we don't have a voice.

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