TopCashback / Quidco merger inquiry

The CMA is investigating the anticipated acquisition by Top Online Partners Group Limited of Maple Syrup Group Limited.

Phase 2

Date of referral: 16.1.19

Statutory deadline: 2.7.19

Notice of extension of statutory period

Terms of reference

16 January 2019: The CMA has referred the anticipated acquisition by Top Online Partners Group Limited (TopCashback) of Maple Syrup Group Limited and its subsidiaries (Quidco) for an in-depth investigation.

Phase 1

Statutory timetable

Phase 1 date Action
7 January 2019 Decision announced
7 November to 21 November 2018 Invitation to comment
7 November 2018 Launch of merger inquiry

Reference decision

16 January 2019: The CMA has referred the anticipated acquisition by Top Online Partners Group Limited (TopCashback) of Maple Syrup Group Limited and its subsidiaries (Quidco) for an in-depth investigation.

Reference unless undertakings accepted

7 January 2019: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision will be available shortly.

Invitation to comment: closes 21 November 2018

7 November 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result 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 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

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

Contact

Please send written representations about any competition issues to:

Adnan Farook
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

Adnan.Farook@cma.gov.uk

Published 7 November 2018
Last updated 18 January 2019 + show all updates
  1. Notice of extension published.
  2. Reference decision and terms of reference published.
  3. First published.