Compliance Updates

Stars Group and Flutter Entertainment Combo Gets UK CMA Clearance

Published

5 years ago

April 1, 2020

Niji Narayan

The Stars Group Receives UK Competition & Markets Authority Clearance for its Combination With Flutter Entertainment

Reading Time: < 1 minute

The UK Competition and Markets Authority (CMA) has unconditionally cleared the combination of The Stars Group with Flutter Entertainment following CMA’s Phase 1 review under the Enterprise Act 2002.

The Stars Group and Flutter had signed a contract that allows an all-share acquisition of The Stars Group by Flutter pursuant to a plan of arrangement under the Business Corporations Act.

The Stars Group and Flutter continue to work carefully for completing the acquisition, provided the contract gets approval from a small number of other regulatory bodies and certain approvals by each of Flutter’s and The Stars Group’s shareholders.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.