Britain’s competition watchdog has approved Mastercard’s £700 million takeover of UK-based payment processor VocaLink, saying the companies have addressed antitrust concerns.
Following a formal consultation, the Competition and Markets Authority (CMA) found that the package of measures offered by the two firms was “sufficient” and no longer required an “in-depth merger investigation”.
The two companies set out a number of proposals, including VocaLink making its connectivity infrastructure available to a new supplier of infrastructure services to the LINK network of cash machines.
Mastercard has also pledged to “contribute to the cost” of LINK members having to switch to a new supplier.
Full Content: Belfast Telegraph
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