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MarketScreener Homepage  >  Equities  >  Nyse  >  Visa Inc.    V

VISA INC.

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Justice Department Files Antitrust Lawsuit Challenging Visa's Planned Acquisition of Plaid

11/05/2020 | 11:06am EST

By Brent Kendall and AnnaMaria Andriotis

The Justice Department filed an antitrust lawsuit Thursday that seeks to block Visa Inc.'s $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space.

The department brought the case in a Northern California federal court, alleging the deal would eliminate the nascent but significant competitive threat that Plaid poses to Visa in the online debit market. The acquisition would allow Visa to unlawfully maintain a monopoly in online debit, leading to higher prices, less innovation and higher entry barriers for online debit services, the department alleged.

Visa and Plaid didn't immediately respond to requests for comment.

More to come...

(END) Dow Jones Newswires

11-05-20 1105ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.04% 56.08 Delayed Quote.7.08%
VISA INC. 0.51% 202.01 Delayed Quote.-7.64%
WTI 0.06% 52.785 Delayed Quote.8.49%
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More news
Financials (USD)
Sales 2021 23 144 M - -
Net income 2021 11 738 M - -
Net Debt 2021 6 505 M - -
P/E ratio 2021 37,3x
Yield 2021 0,62%
Capitalization 472 B 472 B -
EV / Sales 2021 20,7x
EV / Sales 2022 17,4x
Nbr of Employees 20 500
Free-Float 84,3%
Chart VISA INC.
Duration : Period :
Visa Inc. Technical Analysis Chart | V | US92826C8394 | MarketScreener
Technical analysis trends VISA INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Average target price 235,28 $
Last Close Price 202,01 $
Spread / Highest target 33,7%
Spread / Average Target 16,5%
Spread / Lowest Target -3,97%
EPS Revisions
Managers and Directors
NameTitle
Alfred F. Kelly Chairman & Chief Executive Officer
Ryan McInerney President
Vasant M. Prabhu Vice Chairman & Chief Financial Officer
Rajat Taneja President-Technology
John A. C. Swainson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
VISA INC.-7.64%469 746
MASTERCARD INCORPORATED-7.77%328 178
PAYPAL HOLDINGS, INC.2.90%290 287
PALO ALTO NETWORKS, INC.-0.32%34 933
AVAST PLC-4.65%7 316
MIMECAST LIMITED-21.55%2 944