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Britain refers Paypal-iZettle merger for in-depth review


(Reuters) - Britain's competition regulator said on Wednesday that Holdings Inc's $2.2 billion takeover of Swedish financial technology startup would be referred for an in-depth review.

The (CMA) said had not addressed its concerns on how the deal could hurt competition and could lead to higher prices for customers, or worse quality of service.

The deadline for a final decision on the matter is May 21, 2019, the CMA said.

(Reporting by in Bengaluru; Editing by Bernard Orr)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 17:59 IST