Britain refers Paypal-iZettle merger for in-depth review
today Dec 5, 2018
Britain's competition regulator said on Wednesday that Paypal Holdings Inc's $2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review.
The Competition and Markets Authority (CMA) said, Paypal had not addressed its concerns on how the deal could hurt competition and could lead to higher prices for customers, or worse quality of service.
The deadline for a final decision on the matter is May 21, 2019, the CMA said.
© Thomson Reuters 2019 All rights reserved.