Visa statement on an attempt of DOJ to block acquisition of Plaid
THe FINANCIAL — Visa Inc. (NYSE:V) issued the following statement regarding its planned acquisition of Plaid: “Visa strongly disagrees with the Department of Justice (DOJ), whose attempt to block Visa’s acquisition of Plaid is legally flawed and contradicted by the facts. This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates. The combination of Visa and Plaid will deliver substantial benefits for consumers
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