Web6 nov 2024 · Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, ... Now, those rumours have proven to be accurate, with the DoJ filing a civil antitrust lawsuit to stop the deal. “American consumers and business owners increasingly buy and sell goods and services online, ... Web5 nov 2024 · The DOJ's antitrust lawsuit over Visa's $5 billion Plaid deal could put fintech M&A through a 'cold shower,' according to lawyers and fintech execs. The Department of …
DOJ
Web13 gen 2024 · Visa had first agreed to buy Plaid in January 2024 for $5.3 billion . The DOJ alleged Visa's motivation for the deal was to limit the startup's competitive threat to its $4 … Web13 gen 2024 · Visa Inc. abandoned its $5.3 billion planned acquisition of financial-technology firm Plaid Inc. amid a Justice Department antitrust lawsuit that challenged the deal. The … towards designing robust coupled networks
Why Visa and Plaid called off their $5.3 billion fintech deal
Web5 nov 2024 · “As we explained to the DOJ, Plaid is not a payments company. Visa’s business faces intense competition from a variety of players – but Plaid is not one of them. Plaid is a data network that enables individuals to connect their financial accounts to the apps and services they use to manage their financial lives, and its capabilities … Web25 nov 2024 · Plaid’s wealth of transaction, liability, and identity information is good for more than selling ads. It can also be used to build financial profiles for credit underwriting, an … powder coated wire fence panels