The CMA imposed the penalty for failures to comply, without reasonable excuse, with the requirements imposed on PayPal by the initial enforcement order issued by the CMA under section 72 of the Enterprise Act 2002.30 April 2019: The CMA has provisionally cleared PayPal’s acquisition of iZettle.15 January 2019: The issues statement sets out the scope of the inquiry. The CMA has cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation. Don’t worry we won’t send you spam or share your email address with anyone.
It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions.The publication of the evidence of any party on the CMA’s webpages does not indicate in any way endorsement by the CMA of the views expressed in the evidence or acceptance of that evidence. PayPal and iZettle brands and operations will be held separate as agreed with the CMA, pending completion of the CMA's review. The CMA is investigating the completed acquisition by PayPal Holdings, Inc. of iZettle AB. The CMA has cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation.An initial, Phase 1, investigation by the Competition and Markets Authority (The payments services sector is dynamic and evolving. The This revealed that, while iZettle and PayPal are 2 of the largest suppliers of The merged company will also face significant competition from other Further details, including the full text of the Final Report, are available on the Don’t include personal or financial information like your National Insurance number or credit card details.To help us improve GOV.UK, we’d like to know more about your visit today. We’ll send you a link to a feedback form. Published 12 June 2019 From: PayPal’s takeover of iZettle has been referred for a Phase 2 investigation by the Competition and Markets Authority (CMA). Publication in this way is designed to assist public understanding of the issues.On 24 December 2018, pursuant to an initial enforcement order dated 19 September 2018, the CMA directed PayPal Holdings, Inc to appoint a monitoring trustee.17 December 2018: The CMA appointed Jeremy Newman and David Thomas to the Inquiry Group.5 December 2018: The CMA appointed the inquiry group.5 December 2018: The CMA has referred the completed acquisition by PayPal of iZettle for an in-depth investigation.5 December 2018: The CMA has referred the completed acquisition by PayPal of iZettle for an in-depth investigation.26 November 2018: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. It will take only 2 minutes to fill in. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.1 October 2018: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.To assist it with this assessment, the CMA invites comments on the transaction from any interested party.1 October 2018: The CMA announced the launch of its merger inquiry by notice to the parties.On 19 September 2018, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on PayPal Holdings, Inc., PayPal SE and PayPal (Europe) Sarl et Cie SCA in relation to the completed acquisition by PayPal Holdings, Inc. of iZettle AB.The full text of our provisional findings has been published.The summary of provisional findings, notice of provisional findings, notice of extension and revised administrative timetable have been published.The issues statement setting out the scope of our phase 2 investigation has been published.Launch of CMA merger inquiry and invitation to comment issued.Don’t include personal or financial information like your National Insurance number or credit card details.To help us improve GOV.UK, we’d like to know more about your visit today. We’ll send you a link to a feedback form.
Statutory deadline: 16 July 2019 (updated on 30.4.19)24 September 2019: The CMA has published a notice (dated 18 September 2019) of a penalty imposed on PayPal Holdings, Inc., PayPal (Europe) Sarl et Cie SCA and PayPal SE (jointly and severally PayPal) under section 94A of the Enterprise Act 2002. Don’t worry we won’t send you spam or share your email address with anyone. The UK Competition and Markets Authority (CMA) has raised concerns regarding PayPal’s planned takeover Swedish mobile payments rival iZettle. The CMA announced on 26 November that its Phase 1 probe into PayPal’s completed takeover of iZettle had raised concerns that the deal could leave PayPal facing insufficient competition in the UK market for mobile point-of-sale devices. It will take only 2 minutes to fill in. News story: CMA to launch in-depth PayPal / iZettle merger investigation (5.12.18) Reference unless undertakings accepted. 26 November 2018: The CMA …
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