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.
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.