Experian says UK regulator's analysis of ClearScore deal flawed
( January 14, 2019, 09:38 GMT | Official Statement) -- MLex Summary: Experian said the UK antitrust authority's provisional findings into its proposed acquisition of fintech company ClearScore is flawed. The consumer credit reporting agency said the Competition and Markets Authority, which is conducting an in-depth probe into the deal, has made "grave errors of fact and assessment" in assessing that the transaction could hurt competition. The CMA said the transaction may stifle the development of digital personal finance products for customers. Experian said the CMA misanalyzed competition in the credit-comparison market and, specifically, the "threat" posed by Moneysupermarket. Experian also warned against blocking the merger, saying it would be a "wholly disproportionate and unreasonable remedy." The deadline for the CMA's final decision is March 11.The statements are attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.