The UK’s competition regulator, which had been looking into the merger, has dropped its opposition to PayPal’s $2.2 billion takeover of iZettle, after finding that the enlarged payments group would... more
The UK’s antitrust watchdog has referred PayPal’s takeover of Swedish startup iZettle for an in-depth probe over fears it will force up prices for customers and lead to a worse... more
The post PayPal and iZettle takeover referred for deeper probe by competition watchdog appeared first on Payments Cards & Mobile.
PayPal is reported to be acquiring mPOS specialist iZettle for $2.2bn. PayPal is paying double the amount that iZettle, which is focused on Europe and Latin America, was targeting in its IPO, which was due to take place at the end of this month. iZettle would become only the latest star of the Swedish tech scene to [...]