US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
PYMNTS
NOVEMBER 5, 2020
“Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. The company has already integrated with about 15,000 banks in Canada and the United States.
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