UK regulator orders review of Paypal's iZettle takeover
December 7, 2018
Financial Software | Stockholm, Sweden | Corporate Acquisition
The UK's Competition and Markets Authority has launched an in-depth review into Paypal's $2.2 billion takeover of payments startup iZettle. The regulator has raised concerns that the deal reduces competition in the market for mobile point-of-sale devices. This move comes despite the transaction completing back in September. The deadline for the CMA’s final decision is 21 May 2019.