UK: PayPal-iZettle takeover in CMA crosshairs

UK: PayPal-iZettle takeover in CMA crosshairs

Britain’s competition watchdog announced on Wednesday, December 5, that PayPal’s US$2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review. The Competition and Markets Authority (CMA) stated 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 […]

UK: PayPal-iZettle deal probed

UK: PayPal-iZettle deal probed

As reported by the Financial Times, the United Kingdom’s competition watchdog, the Competition and Markets Authority (CMA), stated, in what is known as an initial enforcement order, that it will examine whether the merger between US-based PayPal and Sweden’s iZettle has a detrimental impact on competition in the UK As has been widely reported, the […]

US: PayPal challenges Square with US$2.2b EU acquisition

US: PayPal challenges Square with US$2.2b EU acquisition

Days after iZettle said it planned to seek a listing on the NASDAQ Stockholm stock exchange, PayPal Holdings has announced that it is acquiring the Swedish payments company for US$2.2 billion in cash. With the deal, which may close in the third quarter, iZettle’s co-founder and CEO, Jacob de Geer, will reportedly continue on with […]