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
Related
In May 2020, the Securities and Exchange Commission approved amendments to the requirements for fina...
Read More >
If you’re a closely held business or not, changes do happen. Whether it’s leadership or who serves...
Read More >
In Pena v. Honeywell International, Inc., issued on July 22, 2019, the U.S. Court of Appeals for the...
Read More >
Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to speed on the ...
Read More >
The Florida Minimum Wage Act, which applies to all employees in Florida covered by the federal minim...
Read More >
What does the UK’s exit from the EU on 31 January mean for parties’ deal planning? Key Points: ....
Read More >