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UK: Paddy Power and Betfair £5.8 billion merger cleared by regulator

 |  December 21, 2015

The proposed £5.8 billion merger of Paddy Power and Betfair came closer to completion after the United Kingdom’s Competition and Markets Authority (CMA) said it had “cleared the anticipated merger of Betfair Group plc and Paddy Power plc.”

An inquiry by the CMA began on November 9, 2015 and took nine days to complete. The decision to approve the merger means the deal will not be subject to a second investigation that would take up to 90 working days to complete.

While the CMA has given its blessing of the deal, the planned merger needs to be approved by The Republic’s Competition and Consumer Protection Commission before the merger is complete. Its investigation in underway, but it is yet to reach a conclusion.

Full content: The Irish Times

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