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UK antitrust regulator to reopen Spreadex-Sporting Index deal probe

  Copy link into your clipboard //sports-competition.news-articles.net/content/2 .. o-reopen-spreadex-sporting-index-deal-probe.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Britain's competition watchdog said on Wednesday it would reconsider Spreadex's completed acquisition of Sporting Index's consumer-facing arm after the Competition Appeal Tribunal (CAT) overturned its previous decision.
The UK's Competition and Markets Authority (CMA) has decided to reopen its investigation into the acquisition of Sporting Index by Spreadex, a deal initially announced in November 2022. The CMA had previously cleared the merger in May but is now re-examining it due to concerns that the merger could lead to a substantial lessening of competition in the market for financial spread betting and sports spread betting in the UK. This decision follows a request from Spreadex to review new evidence that was not considered in the initial investigation. The CMA has set a deadline of 20 December 2023 to make its final decision on whether the merger should proceed or if further action is required.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/financial-regulation/uk-antitrust-regulator-to-reopen-spreadex-sporting-index-deal-probe/ar-AA1AkaS4 ]