Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal

Discussion in 'mobile device security' started by mood, Jan 13, 2020.

  1. mood

    mood Updates Team

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    Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal
    Plaid says 25% of people in the United States with bank accounts have connected to the fintech company through an app
    January 13, 2020

    https://www.cnbc.com/2020/01/13/vis...d-other-banking-apps-for-5point3-billion.html
    Visa: Visa To Acquire Plaid
    Plaid: Plaid is joining Visa
     
  2. mood

    mood Updates Team

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    Visa $5.3 billion Plaid deal triggers DOJ antitrust concerns
    October 27, 2020
    https://www.americanbanker.com/articles/visa-5-3-billion-plaid-deal-triggers-doj-antitrust-concerns
    The Wall Street Journal: Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department
     
  3. mood

    mood Updates Team

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    DOJ sues to block Visa acquisition of fintech startup Plaid
    November 5, 2020
    https://edition.cnn.com/2020/11/05/business/doj-lawsuit-visa-plaid-acquisition/index.html
    DoJ: Justice Department Sues to Block Visa's Proposed Acquisition of Plaid
    Complaint: https://www.justice.gov/opa/press-release/file/1334726/download
     
  4. mood

    mood Updates Team

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    Visa abandons $5.3 billion acquisition after DOJ objections
    The company says it would have taken too long to resolve litigation.
    January 12, 2021

    https://www.engadget.com/visa-plaid-acqusition-doj-233500519.html
    DoJ: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
     
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