UK’s CMA OKs Evolution’s Proposed NetEnt Deal

The Competition and Markets Authority (CMA) in the United Kingdom has cleared Evolution’s impending acquisition of NetEnt, almost two months after launching an investigation to analyze if the transaction would lessen the competition in the region’s igaming market.

The competition regulator officially announced the launch of its merger inquiry by notice to those concerned in September, before inviting comments on the purchase by any interested party.

Those comments needed to be provided before the invitation closed on October 5, following which the CMA would proceed to the analysis stage of phase one before reaching a decision on whether to enter phase two or close the inquiry by today.

Documenting the process thus far, Evolution offered the following update: “The CMA has today, on November 16, 2020, announced its approval of Evolution’s acquisition of NetEnt. 

“Consequently, the condition regarding the receipt of all necessary competition approvals has been fulfilled. The other conditions for completion of the offer, which are included in the offer document that was published on August 20, 2020, remain unchanged and are still applicable.

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