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The Department of Justice sued to block Visa's planned acquisition of Plaid due to antitrust concerns.

1 report, 1 independent Updated Jul 24

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

department Plaid Visa Inc.

How it developed

Newest first. Tap a step to see who reported it.

Aug 11The Department of Justice filed an antitrust lawsuit against Visa Inc., leading to legal strategy discussions involving experts like Gregory Dickinson and counsel from Fox Rothschild.Sub-event
Jul 24DOJ sued to block Visa's planned acquisition of Plaid citing antitrust issues.1 source
- Motley Fool

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The entities involved

department
office within an organization
- The DOJ is seeking to dismiss a lawsuit filed by the NAACP against XAI over pollution related to its data center in Memphis.Mon 06:47
- Andrew S. Boutros is a U.S. Attorney at the Department of Justice, while Mecklenburg is an Assistant U.S. Attorney and Perry is a U.S. District Judge overseeing DOJ matters in Chicago.Mon 06:04
Plaid
financial technology company specializing in bank login verification
- OpenAI announced that it has begun integrating financial services capabilities into its offerings by utilizing the Plaid API.Sat 00:04
Visa Inc.
American multinational financial services corporation
- Morgan Stanley restated an overweight rating, Capital upped its target price, and TD Cowen reaffirmed a buy rating on Visa Inc.Mon 10:18
- The Bank of Ghana maintained its policy rate while Visa and Access Bank launched a new payment service, coinciding with cocoa price adjustments in Ghana.Sat 18:37

Coverage

Newest first; wire copies grouped

Jul 24Motley FoolWill Plaid SPAC or IPO in 2025? Visa planned to acquire Plaid in 2020, but the deal was abandoned after regulators expressed concerns. The fintech recently raised capital at a $6.1 billion valuation.