16Jan
Visa Abandons $5.3B Acquisition Of Fintech Company Plaid After DOJ’s Challenge - Upstart Competitors Should Be Aware Of “Killer Acquisitions”
 
            
    Visa abandoned its $5.3 billion acquisition of Plaid Inc., a fintech company known for its data aggregation technology, but which was developing a potential rival to Visa’s online debit services. The parties abandoned the transaction, which was announced in January 2020, in the midst of a challenge to the deal by the U.S. Department of Justice Antitrust Division (“DOJ”), which sued to block the transaction in early November 2020 based on the theory of nascent competition....
By: 
Goodwin
        
    
 
    Source Url: https://www.jdsupra.com/legalnews/visa-abandons-5-3b-acquisition-of-2593221/
    Related
         
         
                    
                   Amazon announced this week that it will spend $700 million to retrain a third of its US workforce to...
                Read More >
           
         
                    
                   I was a little irritated when a person from my community was appointed to an elected position becaus...
                Read More >
           
         
                    
                   “What did I do wrong?” and “Am I doing this correctly?” are frequent questions from clients rega...
                Read More >
           
         
                    
                   In 2018, in response to the #MeToo and #TimesUp movements, New York State enacted laws to provide st...
                Read More >
           
         
                    
                   Employers in the hospitality and restaurant industry are poised for celebration: the Department of L...
                Read More >
           
         
                    
                   A Case of Double Discrimination -  Precedential Decision by Judiciary or Regulatory Agency -  A Dani...
                Read More >