Visa Inc.’s acquisition of Plaid Financial Inc., announced in January, could be in jeopardy as the U.S. Department of Justice reportedly is looking at blocking the deal on antitrust grounds. The Wall Street Journal, referencing people familiar with the matter, reported today that the Justice Department is concerned the acquisition could limit nascent competition in the payments market. ...

Apple Inc. acquired artificial intelligence and vision startup Vilynx Inc. earlier this year for $50 million, according to a report from Bloomberg. An exact date on the deal is unknown but the Vilynx website was last recorded by the Internet Archive Wayback Machine on July 16. The company’s LinkedIn page has been removed, but key ...

Israeli business application configuration startup Salto today said it has raised $27 million in funding as it announced its formal launch to the public after a year in stealth development. The Series A round included Bessemer Venture Partners, Lightspeed Venture Partners and Salesforce Ventures. The company was founded in 2019 by veteran Israeli entrepreneurs Rami Tamir, Benny Schnaider ...

Australian document productivity company Nitro Software Inc. has suffered a data breach with customer data being offered for sale on the dark web. The company, which provides services to much of the Fortune 500, was hacked sometime earlier this month. In a statement last week to the Australia Stock Exchange, Nitro advised that they had been impacted ...

Golf and ski resort operator Boyne Resorts has been hit by a ransomware attack that forced the company to shut down parts of its network. First reported Friday by Bleeping Computer, the attack was first detected in the company’s corporate office a week ago before spreading to computer systems at the various resorts Boyne operates. As ...

A database containing voter registration details of 186 million people in the U.S. is being distributed on hacking forums, putting voters at risk of scams and disinformation campaigns. The data was discovered by researchers at cybersecurity company Trustwave Holdings Inc., which publicized the situation Wednesday. Along with the voter registration data, the database was also ...

Kik Interactive Inc. has finally settled the lawsuit filed against it by U.S. Securities and Exchange Commission over its 2017 Kin initial coin offering as a court signed off on a deal. Under the settlement announced Wednesday, approved by Judge Alvin Kellerstein of the U.S. District Court for the Southern District of New York, Kik is “permanently restrained and enjoined” ...

A day after announcing that it intends to offer cryptocurrency services to its customers, PayPal Holdings Inc. is reported to be discussing a potential crypto acquisition. According to Bloomberg, PayPal has been holding talks on a possible acquisition of enterprise cryptocurrency wallet and custodial services startup BitGo Inc., with a deal possible “within weeks.” Founded in ...

PayPal Inc. today launched a new service that will allow users to buy, hold and sell cryptocurrency directly from their existing PayPal accounts. The service will initially provide support for bitcoin, Ethereum, Bitcoin Cash and Litecoin and will be available to PayPal users in the U.S. in the coming weeks. Cryptocurrency support for Venmo, PayPal’s ...

After going public late Wednesday at $20 a share, cybersecurity firm McAfee Corp. saw its shares tumble about 7% as they sold for the first time on the public market Thursday. The $20 figure was below the maximum figure of $22 per share McAfee proposed in its S-1 U.S. Securities and Exchange Commission filing, but that still didn’t get ...