CMA to launch in-depth PayPal / iZettle merger investigation

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CMA to launch in-depth PayPal / iZettle merger investigation

  • Phase 1 probe into PayPal’s completed takeover of iZettle had raised concerns that the deal could leave PayPal facing insufficient competition in the UK market for mobile point of sale devices
  • Concerns were also raised that the merger could negatively impact future competition in the emerging market for ‘omni-channel’ payment services
  • CMA said it would refer the deal for an in-depth Phase 2 investigation unless PayPal offered acceptable ways to address its concerns
  • As PayPal has chosen not to offer proposals to address the CMA’s concerns, the merger will now be referred for a Phase 2 investigation by an independent group of CMA panel members
  • Merger referred for an in-depth phase 2 investigation,to be carried out by a group of independent CMA panel members