UK: PayPal doesn’t see any antitrust concerns with their US$2.2B takeover of iZettle
According to an interview by CNBC, PayPal has dismissed concerns that its US$2.2 billion takeover of European technology start-up iZettle could lead to higher prices for payment services and reduce competition.
The US-based fintech giant secured the largest acquisition in its history when it closed the deal for Swedish payments firm iZettle in September. However, Britain’s antitrust watchdog has since stated PayPal “could face insufficient competition in the UK after acquiring its market-leading rival.”
Speaking to CNBC’s Elizabeth Schulze at the Slush technology conference in Helsinki, Finland, on Tuesday, December 4, PayPal’s Chief Operating Officer Bill Ready said, “We absolutely believe that we will demonstrate that we are bringing more choice (and that) we are pro-competition.”
“We are really looking to expand the market in ways that are great for small business and great for consumers alike,” Ready said.
Full Content: CNBC
Featured News
Massachusetts AG Sues Insulin Makers and PBMs Over Alleged Price-Fixing Scheme
Jan 14, 2025 by
CPI
Apple and Amazon Avoid Mass Lawsuit in UK Over Alleged Collusion
Jan 14, 2025 by
CPI
Top Agent Network Drops Antitrust Suit Against National Association of Realtors
Jan 14, 2025 by
CPI
Weil, Gotshal & Manges Strengthens Antitrust Practice with New Partner
Jan 14, 2025 by
CPI
Russian Court Imposes Hefty Fine on Google for Non-Compliance with Content Removal Orders
Jan 14, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand