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CMA probes Ebay's UK motors takeover

By Oliver Haill

Date: Tuesday 11 Dec 2018

CMA probes Ebay's UK motors takeover

(Sharecast News) - UK antitrust authorities have launched an investigation into eBay's proposed acquisition of Motors.co.uk.


The Competition and Markets Authority is worried that the deal could lead to a merger situation that "may result in a substantial lessening of competition".

The CMA invited any interested parties to comment on their thoughts on the proposed deal, setting a deadline of 27 December as part of a Phase 1 probe.

It is possible that the investigation could be referred to a deeper Phase 2 examination, as the CMA launched this month for PayPal's takeover of UK-based iZettle.

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