Betfair-paddy Power Merger Gets The Green Light

BETFAIR-PADDY POWER MERGER GETS THE GREEN LIGHT

17th December, 2015 at 14:38:46
Source: http://www.azonlinecasinos.com

UK Competition and Markets Authority gives its blessing.

The Betfair-Paddy Power merger cleared another important hurdle this week with the announcement that the UK Competition and Markets Authority Merger Clearance committee has approved the deal, scheduled to complete in Q1-2016 (see previous reports).

Companies in mergers that involve valuations of over 70 million, or where the company controls more than 25% of a market, are required to undergo investigation by the Authority to protect consumers and the market.

In related news the Authority has announced that it may be about to embark on a "fast track" enquiry regarding the upcoming merger between Ladbrokes and Gala Coral. Both companies have requested an immediate and accelerated enquiry.

Aside from the fundamental differences in sportsbetting platform, the two companies appear to have much in common with both offering players Playtech casinos and live dealer games plus a range of soft games and niche gambling products.

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