January 12, 2021 11:35 pm -05

Visa abandons $5.3 billion acquisition after DOJ objections

Visa has abandoned its $5.3 billion bid to acquire fintech startup Plaid. In an announcement on Tuesday, the US Department of Justice said the two companies have agreed to call off their merger. The agency filed a lawsuit to block the deal last Novem...

Original Link: https://www.engadget.com/visa-plaid-acqusition-doj-233500519.html

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Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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