Technology

Visa abandons $5.3 billion acquisition after DOJ objections

There are no two ways about it, the deal falling thru is a blow for Visa. Even sooner than the pandemic pushed extra other folk to online having a watch, Plaid used to be a lucrative acquisition purpose. When the deal used to be first announced, Visa talked about one in four Americans had frail the company’s technology. Startups cherish Robinhood, Coinbase and Gemini depend on Plaid’s API to allow users to join their monetary institution accounts to their apps.

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