Visa is abandoning its $5.3B planned acquisition of fintech firm Plaid after the DOJ sued over antitrust concerns in November
Justice Department sued in November to challenge $5.3 billion deal — Visa Inc. is abandoning its $5.3 billion planned acquisition of Plaid Inc. …
Wall Street Journal
Related Coverage
- Visa and Plaid Announce Mutual Termination of Merger Agreement Business Wire
- Visa and Plaid Abandon Merger After Antitrust Division's Suit to Block U.S. Department of Justice
- View article TechCrunch
- View article Fortune
- View article Protocol
- Visa and Plaid scrap $5.3 billion merger agreement CNN · Jazmin Goodwin
- View article TechRadar
- Department of Justice celebrates termination of Visa and Plaid's $5.3 billion merger ZDNet · Asha Barbaschow
- Visa abandons $5.7B Plaid acquisition following antitrust lawsuit SiliconANGLE · Duncan Riley
- Visa will not acquire Plaid after running into regulatory wall TechCrunch · Alex Wilhelm
- Visa ditches its plan to acquire fintech startup Plaid TechRadar · Rob Clymo
- Visa abandons Plaid takeover after DOJ antitrust pressure pitchbook.com · Vishal Persaud
- Visa abandons $5.3 billion acquisition after DOJ objections Engadget · Igor Bonifacic
- Daily Crunch: Visa calls off Plaid acquisition TechCrunch · Anthony Ha
- Visa abandons takeover of Plaid after DOJ raises antitrust concerns CNBC · Jessica Bursztynsky
- Visa Drops Plans To Acquire Fintech Startup Plaid After DOJ Antitrust Lawsuit Forbes · Rachel Sandler
Discussion
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@mark_goldberg_
Mark Goldberg
on x
Exciting news to share today — @Plaid is staying independent: https://www.businesswire.com/ ... Why?🤔 As fintech explodes, the infrastructure underpinning it has become increasingly important. @zachperret and team are just getting started. The opportunity here is $50B+, not $5B. …
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@arampell
Alex Rampell
on x
1/ @Plaid underpins virtually all of fintech; it is the strategic pillar that is allowing this industry to be built at unprecedented scale and speed. While I believe the DOJ decision to be misguided, I'm MORE excited for @plaid and @zachperret's decision to remain independent.
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@regulatorynerd
Matt
on x
Either path for Plaid was a good outcome. Excited to see them continue as an independent company and for what comes next. https://twitter.com/...
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@hserunjogi
Ham Serunjogi
on x
Your move @patrickc: https://www.businesswire.com/ ...
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@mdudas
Mike Dudas
on x
Looks like @Plaid's valuation just doubled https://techcrunch.com/...
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@anthony
Anthony DeRosa
on x
Visa is abandoning its $5.3 billion planned acquisition of Plaid, a key player in the financial-technology space, in the face of a Justice Department antitrust lawsuit $V https://www.wsj.com/...
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@lucasmtny
Lucas Matney
on x
A multitude of fintech valuations simultaneously cry out in pain https://twitter.com/...
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@rickyang
Rick Yang
on x
As a board member I wholeheartedly support @ZachPerret and @Plaid's decision to remain an independent company. This company has too much opportunity with the global acceleration in fintech to continue to pursue a lengthy DOJ process. https://www.businesswire.com/ ...
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@peter
@peter
on x
Oof. Shame to see this deal unravel. Wishing the best for my friends at both Visa & Plaid. https://seekingalpha.com/...
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@leah_nylen
@leah_nylen
on x
Visa/Plaid statement. Visa CEO says they would have won but didn't want the time or distraction of litigation. Plaid CEO says Visa will now become an investor. https://usa.visa.com/...
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@joeysolitro
Joey Solitro
on x
Dream come true... now file for an IPO, @Plaid. One of my top five favorite private companies. https://twitter.com/...