Visa, Plaid Terminate $5.3 Bln Merger Agreement Due To U.S. Antitrust Lawsuit

By Business Insider5 days ago

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(RTTNews) - Visa Inc. (V) and US-based fintech start-up Plaid Inc. have terminated their $5.3 billion merger agreement, citing the U.S. Department of Justice's antitrust lawsuit filed last year to block the deal. Visa said that the companies are confident they would have prevailed in court as Plaid's capabilities are complementary to Visa's,...

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