Visa stock set for Monday as Mexico blocks Prosa deal after the bell
Mexico’s National Antitrust Commission has blocked Visa’s planned move to acquire 51% of payment processor Prosa, handing down the decision late Friday. The regulator cited potential risks to the financial system, saying the tie-up between the global card network and a big domestic processor—owner of the Carnet card brand—would hurt competition. The ruling could sway the stock when U.S. markets open Monday.
