The US DoJ announces that two financial services companies have abandoned their planned merger (Visa / Plaid)
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
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