“The confusion in our messaging was that there was no official objection from the Competition Bureau to prevent this deal from closing, so we communicated this as an approval,” Mr. Skurka added. He said the transaction was “too small to require notification to the bureau.”is “not able to confirm whether or not this was a notifiable transaction.
“The Competition Bureau may review any merger or acquisition, regardless of size, to determine whether they will likely result in a substantial lessening or prevention of competition in any market in Canada,” Mr. Power said, without saying whether the bureau will be taking any action on the WonderFi deal.allows the Commissioner of Competition to challenge a transaction during a one-year period following its completion, he said.
WonderFi has been on a spree of acquisitions since early last year, as it aims to consolidate Canada’s crypto sector and compete against