Nasdaq Gets UK Sign-Off For $220M Swedish Fintech Deal

Law360, London (January 31, 2019, 1:37 PM GMT) -- Britain’s competition authority announced Thursday it has given the go-ahead for Nasdaq’s planned $220 million buy-up of a Swedish financial technology company without escalating its investigation into how the deal will affect the market.

The Competition and Markets Authority has said Nasdaq can go ahead with its acquisition of Cinnober Financial Technology, and will not escalate its probe into the merger. (AP) The Competition and Markets Authority said that Nasdaq Inc.'s wholly-owned subsidiary Nasdaq Technology AB can move ahead with its all-cash acquisition of Cinnober Financial Technology AB, which provides software to brokers and exchanges.

The regulator said in a short notice published...

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