This week on the Financier we discuss the changes in the technology landscape. First, Visa will miss out its $5.3 billion acquisition of Plaid. The Dept of Justice blocked this deal so I think Plaid may IPO soon.
Next month Intel will see a change in leadership. The current CEO will step and Pat Gelsinger, CEO of VMware, will be taking his role. This comes as activist hedge fund, Third Point, published a letter recommending big changes at Intel. The company has been losing market share for years and now needs to rebuild itself.