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Paddy Power Betfair merger to complete in Q1 after CMA approval

17th December 2015 2:10 pm GMT

Paddy Power’s merger with Betfair is set to be finalised in the first quarter of next year after the UK Competition and Markets Authority (CMA) approved the deal Thursday.

The merger was cleared to go ahead by the CMA at phase one of its investigation, launched under the provisions of the 2002 Enterprise Act.

The CMA launched its investigation in November this year, aiming to ascertain whether the merger could reduce competition in the [...]

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