UK Competition & Markets Authority Approves PayPal’s Completed Acquisition of iZettle

SAN JOSE, Calif. — PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it welcomes the United Kingdom Competition and Markets Authority’s (CMA) decision to provide its final and unconditional approval of the company’s previously completed acquisition of iZettle. The two companies will now begin to integrate products and teams in the UK and around the globe, significantly strengthening PayPal’s in-store presence and platform.

“I am pleased our acquisition has been unconditionally approved,” said Dan Schulman, president and CEO, PayPal. “We believe there is huge potential in giving millions of small businesses access to affordable tools to run their business and look forward to working together to make this a reality.” 

The CMA has published its view on its website that the acquisition will not lead to competition concerns.