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

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

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

 

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