The UK’s competition watchdog is probing The Stars Group’s US$4.7b acquisition of Sky Betting & Gaming (SBG).
On Tuesday, Canada’s The Stars Group (TSG) announced that it had completed its acquisition of SBG, which the company originally announced in April. The Competition and Markets Authority (CMA) announced that it was “investigating the completed acquisition” and had served an initial enforcement order under section 72(2) of the Enterprise Act 2002.
An Initial Enforcement Order is the most preliminary step that the CMA could take, coming ahead of a more formal Phase One investigation, which, for example, was announced when Ladbrokes and Coral signalled their intention to merge in 2016. While the CMA became involved in the Ladbrokes Coral merger at an early stage, its involvement in Stars’ acquisition of SBG following the financial completion of the deal is not considered unusual.
Full Content: iGaming Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich