A PYMNTS Company

EU Regulators Eye Mastercard’s $3.2B Bid For Nets

By  |  June 30, 2020

The European Commission’s antitrust regulators are poised to rule on whether Mastercard’s $3.2 billion bid for part of the Scandinavian payments company Nets can go through. Mastercard wants to buy three divisions of Nets, including the ones dealing with instant payments and Billing.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In an early June release, the European regulators said that “without prejudice to the outcome of its full investigation, the Commission considers that the transaction threatens to significantly affect competition,” particularly in the Nordic area.

    Denmark was the first country to ask the European Commission to examine the deal, followed by Austria, Finland, Norway, Sweden and the U.K.

    According to Reuters, the Commission’s regulators will decide by August 3 whether to green-light the deal. The Commission can approve the deal with or without changes in its preliminary review, or it could open a four-month investigation.

    Full Content: PYMNTS

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.