PayPal Holdings, Inc / iZettle AB merger inquiry

The CMA is investigating the completed acquisition by PayPal Holdings, Inc. of iZettle AB.

Statutory timetable

Phase 1 Date Action
26 November 2018 Deadline for phase 1 decision*
1 October to 12 October 2018 Invitation to comment
1 October 2018 Launch of merger inquiry
19 September 2018 Initial enforcement order

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

Phase 1

Invitation to comment: closes 12 October 2018

1 October 2018: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

Launch of merger inquiry

1 October 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

On 19 September 2018, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on PayPal Holdings, Inc., PayPal SE and PayPal (Europe) Sarl et Cie SCA in relation to the completed acquisition by PayPal Holdings, Inc. of iZettle AB.

Amendments/consents granted:


Please send written representations about any competition or public interest to:

Anna Caro
Competition and Markets Authority
Victoria House
Southampton Row

Published 20 September 2018
Last updated 9 November 2018 + show all updates
  1. Derogation published.
  2. Derogation published.
  3. Launch of CMA merger inquiry and invitation to comment issued.
  4. First published.