Tuesday, January 12, 2021

Visa, Plaid call off merger following antitrust pressure


CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the Justice Department’s antitrust lawsuit filed last year to block the deal. Plaid provides the infrastructure that allows consumers and businesses to make payments directly from their bank accounts. Services like Venmo, SoFi, Stripe […]

source https://www.seattletimes.com/business/visa-plaid-call-off-merger-following-antitrust-pressure/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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