Major Crowdfunders Merger Gets UK Fast-Track Review
Law360, London (November 13, 2020, 11:27 AM GMT) -- The antitrust watchdog has agreed to fast-track its investigation into a proposed merger between the country's two largest crowdfunding platforms after finding the deal could pose competition concerns.
The Competition and Markets Authority said on Thursday that it has agreed with a request by Crowdcube and Seedrs to have the merger put through its fast-track program, which pushes the investigation into the "in-depth" phase two stage earlier than usual.
"Crowdcube and Seedrs are well-known names in the equity crowdfunding world and are two of the biggest platform providers in this market," Andrea Gomes da Silva, executive director of markets and mergers...
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