The UK's competition regulator just fined PayPal £250,000 over its $2.2 billion acquisition of Swedish payments firm iZettle. The Competition and Markets Authority said PayPal had breached the terms of an initial enforcement order issued last September. The regulator had ordered PayPal to make sure it kept its business separate from iZettle so the two effectively remain competitors while its investigation continued.
The UK's competition regulator just fined PayPal £250,000 over its $2.2 billion acquisition of Swedish payments firm iZettle. The Competition and Markets Authority said PayPal had breached the terms of an initial enforcement order issued last September. The regulator had ordered PayPal to make sure it kept its business separate from iZettle so the two effectively remain competitors while its investigation continued.