By
Reuters API
Reuters API
Published
Apr 30, 2019
Apr 30, 2019
Britain provisionally approves PayPal-iZettle deal
By
Reuters API
Reuters API
Published
Apr 30, 2019
Apr 30, 2019
Britain's competition watchdog on Tuesday provisionally cleared PayPal Holdings Inc's $2.2 billion (£1.6 billion) takeover of Swedish fintech startup iZettle, saying the deal did not raise competition concerns.
The Competition and Markets Authority (CMA) had ordered the probe in December on the grounds that the companies had not sufficiently addressed concerns around potential lower competition, higher prices, or a lower quality service for customers in the UK mobile payments market because of the deal.
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