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Regulatory action prompts Visa to back off a fintech acquisition, Uber and Moderna partner and Checkout.com is valued at $15 billion. This is your Daily Crunch for January 12, 2021. | | | |
The deal, valued at $5.3 billion, was first announced just over a year ago. However, the Department of Justice filed suit to block the acquisition in November, arguing that it would “eliminate a nascent competitive threat.” In today’s announcement, Visa said it could still have made things work, but the threat of “protracted and complex litigation” ultimately prompted it to call things off. What remains to be seen, however, is whether this might cool financial giants’ interest in acquiring fintech startups and unicorns. Read more | | Image Credits: Sarah Wardlaw / Unsplash | | |
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| Image Credits: JOSH EDELSON/AFP / Getty Images | | |
| Image Credits: Checkout.com | | |
| Image Credits: Anton Petrus / Getty Images | | |
| Image Credits: TCL | | |
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