Visa / Plaid 2020
Visa acquired Plaid for $5.3B on November 1, 2020.
- Target
- Plaid
- Acquirer
- Visa
- Deal value
- $5.3B
- Announced
- November 1, 2020
- Sub-sector
- Financial Data / Open Banking
Transaction overview
- Visa announced the acquisition of Plaid on November 1, 2020 for $5.3B.
Strategic rationale
Visa sought to acquire Plaid's financial data aggregation and bank-linked payments platform to prevent competition to its online debit monopoly.
Deal terms & multiples
Sources
- imperialvalleynews.com /index.php/news/health-news/8-news/21513-justice-department-sues-to-block-visa-s-proposed-acquisition-of-plaid.html