January 12, 2021

Visa and Plaid Announce Mutual Termination of Merger Agreement

SAN FRANCISCO–(BUSINESS WIRE)–Visa Inc. (NYSE: V) and Plaid today announced that the companies have terminated their merger agreement and agreed with the Department of Justice to dismiss the litigation related to the proposed transaction. The proposed transaction was first announced on January 13, 2020. “We are confident we would have prevailed in court as Plaid’s capabilities are complementary to Visa’s, not competitive,” said Al Kelly, Chairman and CEO of Visa Inc. “We believe the combinati

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