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Visa, Plaid call off US$5.3 billion deal Toggle share menu Advertisement 13 Jan 2021 12:30PM Share this content Bookmark REUTERS: Visa and financial technology company Plaid said on Tuesday that they would terminate their US$5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a a monopolist in online debit transactions and that the proposed acquisition would eliminate a nascent competitive threat to that monopoly. Advertisement Advertisement The deal, which was proposed in January 2020, was scrapped to avoid protracted litigation, said Al Kelly, chairman and CEO of Visa Inc. ....