Daily Crunch - Visa calls off Plaid acquisition

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( Tuesday, January 12, 2021 • By [Anthony Ha]( 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 big story: Visa calls off Plaid acquisition]( 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]( [The big story: Visa calls off Plaid acquisition image] Image Credits: Sarah Wardlaw / Unsplash [Join a free virtual UX/UI Design Event]( Sponsored by [The Qt Company]( [Join 2000+ UI/UX designers, managers, and executives at a free half-day event on January 21st for a deep-dive into UI/UX Design. Hear from industry thought leaders, participate in Q&As, and learn from real-life case studies. Registration is now open!]( [Read more]( The tech giants [Uber and Moderna partner on COVID-19 vaccine access and information]( — The only confirmed component involves providing users with credible, factual information about COVID-19 vaccine safety through Uber’s consumer app. [Facebook revamps ‘Access Your Information’ tool to better break down, explain data usage]( — The new version of the tool has been visually redesigned, and now further breaks down the viewable information across eight categories instead of just two. [GM targets delivery companies with new EV business unit BrightDrop]( — GM has launched a new business unit to offer commercial customers an ecosystem of electric and connected products. [The tech giants image] Image Credits: JOSH EDELSON/AFP / Getty Images Startups, funding and venture capital [Checkout.com raises $450M and reaches $15B valuation]( — Checkout.com wants to build a one-stop shop for all things related to payments. [Cockroach Labs scores $160M Series E on $2B valuation]( — Co-founder and CEO Spencer Kimball says the company’s revenue more than doubled in 2020 in spite of COVID. [Weber acquires smart cooking startup June]( — June will continue to operate as its own brand. [Startups, funding and venture capital image] Image Credits: Checkout.com Advice and analysis from Extra Crunch [These five VCs have high hopes for cannabis in 2021]( — Despite remaining headwinds, the future is looking up for most cannabis businesses. [Is there still room in the cloud-security market?]( — While the initial shock of the COVID-19 pandemic has subsided for businesses, one of its main legacies is how it ushered in a tidal wave of accelerated digital transformation. [2021: A SPAC odyssey]( — A closer look at blank-check offerings for Bakkt and SoFi. (Extra Crunch is our membership program, which aims to democratize information about startups. [You can sign up here](.) [Advice and analysis from Extra Crunch image] Image Credits: Anton Petrus / Getty Images Everything else [Rollables are the new foldables]( — On day one of CES, both LG and TCL have offered their take on yet another form factor designed to offer more screen real estate. [Nielsen says ‘The Office’ was the most popular streaming series of 2020]( — Netflix and Disney+ dominated the rankings. [Everything else image] Image Credits: TCL [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Demand Generation Marketing Manager at IncentFit (Philadelphia, PA, USA)]( - [Software Application Support Specialist at S.H. Tevis & Son (Westminster, MD, USA)]( - [System Administrator at S.H. Tevis & Son (Westminster, MD, USA)]( - [Director of Content Marketing at Dev Spotlight (Indianapolis, IN, USA)]( - [iOS Mobile Application Developer at Playfair Technologies Inc. (Anywhere)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103