UK phase 2 mergers—closed cases tracker
UK phase 2 mergers—closed cases tracker

The following Competition practice note provides comprehensive and up to date legal information covering:

  • UK phase 2 mergers—closed cases tracker
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • More...

The table lists all completed Competition and Markets Authority (CMA) phase 2 merger investigations and completed Competition Commission (CC) merger investigations carried out under the Enterprise Act 2002 and completed CC investigations under the Fair Trading Act 1973 dating back to 2000.

For information on ongoing investigations see UK mergers—ongoing cases tracker. For details of completed phase 1 investigations, see UK phase 1 mergers—closed cases tracker. For details of appeals, see UK competition appeals—ongoing cases tracker.


PartiesIndustry sectorIssuesDecision
Crowdcube Limited/Seedrs Limited (anticipated merger)

Note—request for a fast track reference to phase 2 submitted

Financial services

Overlaps in the supply of crowdfunding platforms to SMEs

• Merger abandoned—25/03/2021
• Provisional findings (competition concerns) issued—23/03/2021
• Issues statement published—04/12/2020
• Referred to phase 2—12/11/2020

viagogo/Stubhub (completed acquisition)

Recreation and leisure

Horizontal overlaps in the supply of secondary ticketing exchange platforms

• Cleared, subject to remedies—02/01/2021; effectively prohibited in the UK (only North American acquisition permitted)
• Notice of extension—13/11/2020
• Provisional findings (competition concerns) issued—22/10/2020
• Issues statement published—23/07/2020
• Interim order issued—03/07/2020
• Referred to phase 2—25/06/2020

FNZ (Australia) Bidco Pty Ltd/GBST Holdings Limited (completed acquisition)

Financial services

Horizontal overlaps in the market for solutions involving software and/or servicing to retail investment platforms

• Remitted back—21/01/2021
• Merger prohibited—05/11/2020
• Notice of extension—05/08/2020
• Provisional findings (competition concerns) issued—05/08/2020
• Interim order issued—13/05/2020
• Issues statement published—07/05/2020
• Referred to phase 2—08/04/2020

Appeal lodged before CAT in FNZ (Australia)

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