UK Competition Regulator Won't Refer Sinch-SAP Deal to Phase 2 Investigation
21 Octubre 2020 - 3:09AM
Noticias Dow Jones
By Joshua Kirby
The U.K.'s Competition and Markets Authority said Wednesday that
it has decided not to refer the planner merger between SAP SE's
cloud-communications unit SAP Digital Interconnect and Sweden's
Sinch AB to a phase 2 investigation.
Earlier this year, SAP and software company Sinch reached a 225
million-euro ($266.8 million) agreement over the sale of the unit
to Sinch. In September, the CMA said it was opening an
investigation into the deal, saying it could lead to "a substantial
lessening of competition within any market or markets in the United
Kingdom for goods or services."
The CMA said it would publish the text of the decision on its
website as soon as practicable.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 21, 2020 03:54 ET (07:54 GMT)
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