An Interest In:
Web News this Week
- April 4, 2024
- April 3, 2024
- April 2, 2024
- April 1, 2024
- March 31, 2024
- March 30, 2024
- March 29, 2024
Some of Our Sources
- TutsPlus - Code
- You The Designer
- Creative Curio
- Inspiredology
- Crazy Leaf Design
- Web Design Ledger
- CSS Tricks
- Freelance Switch
- Design Modo
- Hashedout
Help Webnuz
Referal links:
January 13, 2021 04:07 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SYJy7t0A130/plaid-pulled-plug-on-visa-deal-over-price-not-antitrust-concerns
Plaid Pulled Plug on Visa Deal Over Price, Not Antitrust Concerns
Visa will no longer be buying fintech upstart Plaid, as the companies on Tuesday announced the "mutual termination" of the $5.3 billion agreement that was signed one year ago and opposed by U.S. antitrust regulators. From a report: This is more about the rising value of fintech companies than it is about the U.S. Justice Department. It also turns Plaid into a very appealing target for growth equity investors, IPO bankers and SPAC sponsors. DOJ sued to block the deal in November, claiming it would eliminate Plaid's future ability to compete in the online debit market, thus giving Visa a monopoly. Visa said it would vigorously defend itself, in part because Plaid has no online debit products nor any in the pipeline. Visa also sought an expedited process to begin in the spring, whereas DOJ sought a December trial. The two sides met just before the holidays, but I'm told that DOJ would only agree to split the difference.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SYJy7t0A130/plaid-pulled-plug-on-visa-deal-over-price-not-antitrust-concerns
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot