Visa, Plaid abandon $5.3 billion deal amid antitrust suit
The Justice department sued to block the acquisition in November, accusing Visa of trying to buy the financial technology firm to eliminate an emerging threat to its online debit business.
Visa Inc., facing a prolonged antitrust fight with the Justice Department, walked away from a proposed $5.3 billion acquisition of Plaid Inc. aimed at expanding the card network’s services.
The department sued to block the deal in November, accusing Visa of trying to buy the financial technolog
Learn more about reprints and licensing for this article.