Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block* Decision to Terminate Deal Preserves Competition The Department of Justice announced today that Visa Inc. and Plaid Inc. have abandoned their planned $5.3 billion merger. The department filed a civil antitrust lawsuit on Nov. 5, 2020, to stop the merger, alleging that Visa is a monopolist in online debit, charging consumers and merchants billions of
The US DoJ announces that two financial services companies have abandoned their planned merger (Visa / Plaid)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.