Visa to face U.S. antitrust suit over plaid acquisition
Visa Statement on Planned Acquisition of Plaid Placera
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12 Jan 2021 Visa and Plaid have terminated their merger and reached an agreement with the Department of Justice to dismiss the litigation brought against 12 Jan 2021 Visa called off its $5.3 billion acquisition of Plaid, the fintech firm serving as a fiat bridge for a number of crypto and decentralized finance (DeFi) 14 Jan 2021 Visa exits $5.3 billion Plaid buy, leaving data-sharing standards up to regulators · Visa-Plaid deal is a no-go, dimming prospects of data-sharing 16 Jan 2020 Visa's $5.3 billion acquisition of Plaid, one of Silicon Valley's hottest startups, came after conversations between the companies' executives 4 Dec 2020 Earlier this year Visa announced a $5.3 billion deal to acquire Plaid that would give the credit card giant a rising competitor in data aggregation. 21 Jan 2021 Plaid announced that it had decided to terminate its pending acquisition by Visa, and will instead remain an independent company. 12 Jan 2021 A year, almost to the date, after credit card network Visa and fintech company Plaid announced they plan to merge, the two companies 12 Jan 2021 CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, 12 Jan 2021 CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, 12 Jan 2021 Visa and Plaid terminate merger agreement Visa has terminated its proposed $5.3 billion purchase of Plaid, a San Francisco-based provider of 8 Oct 2020 Visa-Plaid is the second deal in the payments space that the CMA has cleared in the face of “killer acquisition” fears, after PayPal-iZettle in 2019. 14 Jan 2021 On Tech News Weekly, Jason Howell & Mikah Sargent talk to Alex Wilhelm of TechCrunch about the failed deal between Visa and Plaid and 6 Nov 2020 The U.S. Justice Department is suing to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid, citing competition concerns. 5 Nov 2020 The U.S. Justice Department sued to block Visa Inc.'s $5.3 billion acquisition of Plaid Inc., accusing Visa of trying to buy the Then, Spotify starts selling demand, and potentially podcasts. Justice Department Sues to Block Visa Plaid Acquisition, Plaid's Potential, Scalability and Antitrust. 14 Jan 2020 Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13.
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Visa, the global payments technology company, announced earlier this week its agreement to acquire FinTech infrastructure
16 Jan 2020 Click HERE to find out ⭐ Visa-Plaid Acquisition: Sign of the Times. | Crowdfund Insider: Global Fintech News, including Crowdfunding,
6 Nov 2020 The federal government is suing to block Visa's $5.3 billion acquisition of fintech startup Plaid, alleging the merger violates antitrust laws. 6 nov.
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2020-01-13
Today, the Department of Justice filed a civil antitrust lawsuit to stop Visa Inc.’s $5.3 billion acquisition of Plaid Inc. Visa is a monopolist in online debit services, charging consumers and merchants billions of dollars in fees each year to process online payments. Visa's acquisition of Plaid Inc. reportedly has sparked U.S. Justice Department concern about competition, and the agency is close to deciding whether it should sue to block the deal. The banking world was hit with the sudden news yesterday, coming first from the Wall Street Journal, that Visa had agreed to buy Plaid, a company that uses APIs to connect to bank data.
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