Visa's Abandoned Plan to Acquire Plaid: What Could Have Been a Textbook Case of a Killer Acquisition
30 Pages Posted: 9 Feb 2022
Date Written: October 26, 2021
The applicability of the notion of killer acquisition to digital platforms has long been debated.
The case of the proceedings brought by the U.S. Department of Justice against Visa in November
2020 (before their joint dismissal in January 2021) is even more interesting insofar as it makes it
possible to illustrate and discuss its different facets ranging from the notion of competition
suppression to that of consolidation and extension of the dominant position. Even if the
acquisition project was eventually withdrawn, the complaint analysis also makes it possible to
question inter-digital ecosystem competition and shed light on the issues related to monitoring
acquisitions undertaken by dominant companies.
Keywords: mergers control, killer acquisitions, digital ecosystems, foreclosure, damage to innovation, fintech
JEL Classification: L12, L25, L41, L86c
Suggested Citation: Suggested Citation