The transaction was announced in early 2020, making the decision by the government to try and scuttle its consummation in November a large irritation to both parties. The pair spent nearly the entire year operating in the gray area between having struck a deal and being granted its approval, and may now have endured all that misery for no reason.
But regardless of what happens next with the deal, inside the government’s suit itself was a simply epic piece of art. That’s something you don’t say much about antitrust, sure, but in 2020 everything is possible.
Here’s the drawing, with context:
As you can read from the accompanying text, Plaid is the volcano and, we suppose by analogy, Visa is somewhere else above the water doing business, worried that Plaid may erupt and change the climate in which Visa currently operates. That would work.
By Peter’s analogy,