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Adobe Stock Visa and Plaid, a fintech solution, called off an acquisition agreement, officially ending the consumer credit giant’s takeover of the data-focused API start-up, according to TechCrunch. The deal valued at $5.3 billion was announced a year ago, the article said. The Department of Justice then filed a suit in November to block the deal, arguing that the combination would “eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers.” In a press release, Visa said it could have eventually executed the deal, but that “protracted and complex litigation” would take too much time to sort out. Plaid said in the last year it had seen “an unprecedented uptick in demand for the services powered by Plaid.” Plaid told TechCrunch that it saw 60% customer growth in 2020, bringing it to more than 4,000 clients.

United kingdomGaurav kumarSandy wishartThomson reutersDepartment of justiceSmart cubeContract expressஒன்றுபட்டது கிஂக்டம்கௌராவ் குமார்ஆண்டி விருப்பம்தாம்சன் ராய்ட்டர்ஸ்துறை ஆஃப் நீதிபுத்திசாலி கனஒப்பந்த எக்ஸ்பிரஸ்