Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit

Cointelegraph

Published Jan 12, 2021 04:50PM ET

Updated Jan 12, 2021 06:40PM ET

The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a host of antitrust enforcements.

On Tuesday, the DoJ announced that Visa (NYSE:V) and Plaid had called it quits on their planned merger. Originally announced almost exactly a year ago, Visa was planning to pay $5.3 billion for the upstart tech firm.

Continue Reading on Coin Telegraph