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Britain orders in-depth review of PayPal-iZettle deal


(Reuters) - Britain's competition watchdog on Wednesday ordered an in-depth investigation of PayPal Holdings Inc's $2.2 billion takeover of Swedish financial technology startup iZettle, saying the U.S. group had not done enough to address its concerns.The Competition and Markets Authority (CMA) said PayPal had not resolved concerns about how the deal, PayPal's biggest ever, could hurt competition and lead to higher prices, or a lower quality service, for customers in the UK mobile payments market.The regulator has also flagged concerns the merger could damage competition in the emerging ...

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First Published: Wed, December 05 2018. 19:22 IST