Visa Abandons $ 5.3B Plaid Acquisition Amid Justice Department Antitrust Lawsuit By Cointelegraph

Visa Abandons $ 5.3 Billion Plaid Acquisition Amid Justice Department Antitrust Lawsuit

The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a series of antitrust measures. On Tuesday, the Justice Department announced that Visa (NYSE 🙂 and Plaid had canceled their planned merger. Originally announced almost exactly a year ago, Visa planned to pay $ 5.3 billion for the upstart tech company. Continue reading on Coin Telegraph

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