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UK Antitrust Enforcer Deepens PayPal-IZettle Merger Probe

Law360, London (December 5, 2018, 4:47 PM GMT) -- Britain's antitrust enforcer announced Wednesday that it is deepening its investigation into PayPal's $2.2 billion takeover of a Swedish rival after the U.S. payment company failed to address the watchdog's concerns that the deal could stifle competition.

Britain’s Competition and Markets Authority said Wednesday that it is deepening its investigation into PayPal’s $2.2 billion takeover of Swedish rival iZettle, after the U.S. company failed to address competition concerns. (AP) The Competition and Markets Authority said it is pursuing a second, more intensive probe into the U.S. payment giant's merger with Swedish startup iZettle AB after PayPal Holdings Inc. failed to soothe...
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