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Britain refers Paypal-iZettle deal for in-depth review


(Reuters) - Britain's competition watchdog said on Wednesday that Paypal Holdings Inc's $2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review.The Competition and Markets Authority (CMA) said Paypal had refused to offer proposals to address its concerns on how the deal, Paypal's biggest ever, could hurt competition and could lead to higher prices for customers, or worse quality of service.The regulator had also flagged concerns surrounding competition in the emerging market for "omni-channel" payment services as a result of the ...

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First Published: Wed, December 05 2018. 18:17 IST