The UK Competition and Markets Authority on Monday invited “interested parties” to comment on the proposed merger of Irish bookmaker Paddy Power with UK rival Betfair.
The competition authority is currently investigating whether or not the merger of the two companies, which would create one of the world’s biggest gambling groups, with annual revenues between € 1.5 and € 2 billion and a stock market value of about € 8 billion, would result in a “substantial lessening of competition” in the UK.
First announced in August, under the proposed deal’s terms, Paddy Power shareholders will get 52 per cent of the enlarged entity and will receive a special dividend totalling € 80 million before any deal goes ahead. Betfair’s owners will receive 48 per cent of the new company.
Full content: London Stock Exchange
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI