U.S. sues Visa to block its acquisition of Plaid

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The U.S. government on Thursday filed a lawsuit seeking to block Visa Inc from purchasing the financial technology firm Plaid.

FILE PHOTO: VISA credit cards are seen in this picture illustration taken June 9, 2016. REUTERS/Maxim Zmeyev/Illustrationfrom purchasing the financial technology firm Plaid.

Visa said in January it agreed to buy privately held software startup Plaid Inc in a $5.3 billion deal that aimed to boost the payments giant’s access to the booming financial technology space.

 

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