CMA Tells Bottomline Technologies to Separate From Acquired Experian Payments Gateway Business
06 August 2019 - 8:04PM
Dow Jones News
By Carlo Martuscelli
The U.K.'s Competition and Markets Authority Tuesday said it
ordered that Bottomline Technologies Inc. (EPAY) reverse its
acquisition of Experian Ltd.'s Payments Gateway business and its
related assets.
The unwinding order became effective on Aug. 2, the market
regulator said.
On July 16, the CMA appointed a special manager to operate the
Payments Gateway business separately from Bottomline while it
determined whether the deal could result in an anticompetitive
situation. The regulator is in the process of determining whether
this is the case.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
August 06, 2019 05:49 ET (09:49 GMT)
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