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Apr 30, 2019
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Britain provisionally approves PayPal-iZettle deal

By
Reuters API
Published
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.


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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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