UK Antitrust Watchdog Progresses Bottomline, Experian Payments Gateway Investigation
21 October 2019 - 10:10PM
Dow Jones News
By Anthony O. Goriainoff
The U.K.'s Competition and Markets Authority said Monday that it
has decided to refer Bottomline Technologies Inc.'s (EPAY) purchase
of Experian Payments Gateway from Experian PLC (EXPN.LN) for a
phase 2 investigation.
The CMA said Bottomline had until Oct. 14 to offer solutions to
resolve the its competition concerns. The competition watchdog said
it carefully considered Bottomline's undertakings but it doesn't
believe these would achieve as comprehensive a solution as is
reasonable and practicable to address the substantial lessening of
competition identified by the authority.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 21, 2019 06:55 ET (10:55 GMT)
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