UK Antitrust Watchdog Probes Visa's £247M Takeover Bid
By Najiyya Budaly (April 4, 2019, 2:06 PM BST) -- Britain's antitrust watchdog said Thursday that it has opened a preliminary investigation into whether Visa's £247 million ($324 million) offer for payment network Earthport PLC will hinder competition in the U.K.'s cross-border payments sector.
The Competition and Markets Authority says it could open a full investigation into Visa over its £247 million ($324 million) takeover bid for a British payments network. (AP)
The Competition and Markets Authority could open a full assessment, known as a phase 2 investigation, into the acquisition based on its findings. It is seeking responses from companies in the payments and money transfer markets.
Visa made its bid for...
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