Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department
The Justice Department could decide soon whether it will sue to block Visa’s acquisition of Plaid Inc., a firm that provides the technological infrastructure underpinning an array of next-generation financial apps. After spending the better part of the year scrutinizing the deal, the department is concerned it could limit nascent competition in the payments sector, people familiar with the matter said.
The Justice Department has been making preparations for potential litigation, including lining up potential witnesses for a trial, some of the people said. No final decision has been made.
https://www.wsj.com/articles/visas-planned-purchase-of-plaid-faces-antitrust-scrutiny-at-the-justice-department-11603819000?mod=e2tw&source=news_body_link
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