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DOJ sues to block Visa's $5.3 billion purchase of Plaid Inc.

by Ken Sweet
| November 6, 2020 12:06 AM

CHARLOTTE, N.C. (AP) — The Department of Justice sued payment processing giant Visa Inc. on Thursday to block the company's purchase of financial technology startup Plaid, calling it a monopolistic takeover of a potential competitor to Visa's ubiquitous payments network.

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