, the company's scuttled $5.3 billion acquisition by Visa was a blessing in disguise. They predict the financial software company will have a much bigger exit now that it has emerged as one of the winners from the pandemic.
For comparison, Plaid had an estimated valuation of around $2.65 billion before the Visa deal, according to deals database PitchBook.The deal fell apart under pressure from regulators, who refused to approve the acquisition and instead sued to stop it, saying it was anti-competitive.
While Murphy says Plaid's independence is a boon for the fintech ecosystem, he says that, more often than not, antitrust regulation hurts businesses that need to exit via a merger and acquisition. The process, after all, is lengthy, and can distract startups from continuing to innovate their business and fundraise for more capital.
Untuckit
How about reporting the truth about the fraudulent voting cases before the courts? NONE of the courts heard direct evidence in those cases and were never ruled on!!!! When you can’t report the truth, how can you be believed ?
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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