One year after Visa announced its agreement to buy fintech startup Plaid, the companies on Tuesday walked away from the deal amid regulatory opposition that threatened to hold up the merger for years. The proposed $5.3 billion deal was one of the fintech industry’s largest in history, and preceded a flurry of other mergers by […]
Even the U.S. Justice Department made to block Visa’s $5.3 billion purchase of Plaid over worries that the deal will damage competition in the international payments market. The Justice Department filed an antitrust complaint in federal court in San Francisco Thursday. The deal will provide Visa control over an essential information supplier to programs including […]