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Business
April 19, 2024
Spreadex-Sporting Index Merger to Undergo Further CMA Probe
A recent acquisition, encompassing the sale of the spread betting operator, Sports Index, to Spreadex captured the attention of the Competition and Markets Authority (CMA) in the United Kingdom. The deal dates back to November when La Française des jeux (FDJ), agreed to sell Sports Index to Spreadex, a competitor in the same industry. Financial […]
Business
April 9, 2024
CMA: Spreadex and Sporting Index’s Merger May Have Created a Monopoly
The United Kingdom’s Competitions and Markets Authority (CMA) believes that the recent merger between Spreadex and the Sporting Index’s B2C business might have resulted in a substantial lessening of competition. The decision was published on April 4, providing the two parties with five working days to address the matter or have the transaction referred for […]
Business
November 17, 2020
Evolution Receives CMA Approval in the UK for NetEnt Deal
Evolution is a step closer to the takeover of NetEnt after the UK’s Competition and Markets Authority (CMA) gave the deal a final approval. CMA Approves Evolution’s Bid for NetEnt Takeover The Competition and Markets Authority (CMA), the UK’s watchdog responsible for fighting anti-competitive activities in the country, has approved Evolution’s purchase of NetEnt in […]
Legal
September 22, 2020
CMA Launches an Inquiry into Evolution’s Merger with NetEnt
The Competition and Markets Authority (CMA) announced today it launched an inquiry into the proposed takeover bid of NetEnt AB by Evolution Gaming AB. The governmental body is concerned the acquisition could led to reduced competition in the iGaming market in the UK. The CMA technically opened the inquiry a day before the announcement as […]
Business
March 31, 2020
Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger
The mega-merger deal between Irish-based Flutter Entertainment and Canadian-headquartered The Stars Group /TSG/ has moved one step ahead as the Competition and Markets Authority /CMA/ in the UK has given “unconditional phase one clearance” to the proposed combination. The owner of Paddy Power Betfair exchange, Flutter Entertainment, and the owner of Sky Bet, The Stars […]
Business
February 5, 2020
Flutter Entertainment, TSG Merger to Be Examined by UK’s CMA
As Flutter Entertainment and The Stars Group edge closer to their merger, competition authorities in the United Kingdom have said that they would now want to review the deal and gauge its impact on markets in the country. Competition and Markets Authority to Review Flutter Entertainment, TSG Merger Flutter Entertainment, owner of flagship gaming and […]