The New Paper

January 13, 2021

Visa terminates Plaid acquisition, citing DOJ lawsuit

Visa terminated its $5B acquisition of financial technology company Plaid, citing a DOJ antitrust lawsuit filed in November. Visa initially announced plans to acquire Plaid (which enables applications to connect with user bank accounts) last January.
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This story is from the January 13, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.