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  DOJ files an antitrust lawsuit challenging Visa's proposed $5.3B acquisition of Plaid; Visa says the arguments are "legally flawed" (Jonathan Shieber/TechCrunch)

  

  techmeme.com

  Jonathan Shieber / TechCrunch: DOJ files an antitrust lawsuit challenging Visa's proposed $5.3B acquisition of Plaid; Visa says the arguments are “legally flawed”  —  The Department of Justice has filed an antitrust lawsuit challenging Visa's proposed $5.3 billion acquisition of Plaid .

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  Plaid to seek financing that could triple its valuation to ~$15B according to a source, amid a surge in investor interest following Visa's abandoned acquisition (Kate Clark/The Information)

  

  techmeme.com

  Kate Clark / The Information: Plaid to seek financing that could triple its valuation to ~$15B...

  Kate Clark / The Information: Plaid to seek financing that could triple its valuation to ~$15B according to a source, amid a surge in investor interest following Visa's abandoned acquisition  —  Normally CEOs that opt to sell their companies aren't happy when the government blocks the deal over antitrust concerns.

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  Visa is abandoning its $5.3B planned acquisition of fintech firm Plaid after the DOJ sued over antitrust concerns in November (Wall Street Journal)

  

  techmeme.com

  Wall Street Journal: Visa is abandoning its $5.3B planned acquisition of fintech firm Plaid after the...

  Wall Street Journal: Visa is abandoning its $5.3B planned acquisition of fintech firm Plaid after the DOJ sued over antitrust concerns in November  —  Justice Department sued in November to challenge $5.3 billion deal  —  Visa Inc. is abandoning its $5.3 billion planned acquisition of Plaid Inc. …

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  Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block

  

  justice.gov

  The Department of Justice announced today that Visa Inc. and Plaid Inc. have abandoned their planned...

  The Department of Justice announced today that Visa Inc. and Plaid Inc. have abandoned their planned $5.3 billion merger. The department filed a civil antitrust lawsuit on Nov. 5, 2020, to stop the merger, alleging that Visa is a monopolist in online debit, charging consumers and merchants billions of dollars in fee...

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