The European Commission has approved Toshiba Tec’s proposed acquisition of IBM’s retail store solutions business. Toshiba Tec is a subsidiary of Toshiba. Retail solutions are used for sales transactions; examples include point-of-sale systems, PC-on-cash-drawer systems, and self-service-systems. Despite the overlap in the retail solutions sector created by the transaction, the Commission cleared the deal because strong competitors would remain in the market, the two are not close competitors, and switching costs for customers are low.
Full content: EC Press Release
Related content: Payments Innovation and Interchange Fees Regulation: How Inverting the Merchant-Pays Business Model Would Affect the Extent and Direction of Innovation
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