Web5 nov 2024 · The U.S. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3 billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the ... Web13 ore fa · NEW YORK (AP) — They’re the biggest of brands. But with no logos. And that’s the whole point. Call it stealth wealth, or quiet luxury. For the rich and those who aspire, logo-free fashion with outsized price tags is having a moment — at least among people who can spend in the face of higher inflation and a volatile economy. It’s a ...
Visa drops planned acquisition of Plaid after DoJ lawsuit
Web5 nov 2024 · The big story: DOJ files suit to stop Plaid acquisition. The Department of Justice is challenging Visa’s $5.3 billion acquisition of financial services startup Plaid. … Web5 nov 2024 · The DOJ's antitrust lawsuit over Visa's $5 billion Plaid deal could put fintech M&A through a 'cold shower,' according to lawyers and fintech execs. The Department of … how to highlight at home
Visa and Plaid scrap $5.3 billion merger agreement - CNN
Web6 nov 2024 · Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, ... Now, those rumours have proven to be accurate, with the DoJ filing a civil antitrust lawsuit to stop the deal. “American consumers and business owners increasingly buy and sell goods and services online, ... Web6 nov 2024 · The Department of Justice (DOJ) filed a civil antitrust lawsuit Thursday to stop Visa's $5.3 billion acquisition of data aggregator Plaid, claiming the deal would limit competition in the industry. Reports emerged last month that the department was calling on witnesses in preparation for potential litigation against the deal. Web5 nov 2024 · “As we explained to the DOJ, Plaid is not a payments company. Visa’s business faces intense competition from a variety of players – but Plaid is not one of them. Plaid is a data network that enables individuals to connect their financial accounts to the apps and services they use to manage their financial lives, and its capabilities … how to highlight a wig