UK start-up funding platforms scrap $190 million merger amid competition concerns

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British start-up crowdfunding platforms Crowdcube and Seedrs have terminated their merger after regulators raised competition concerns with the deal.

The Competition and Markets Authority said the deal "could result in U.K. SMEs and investors losing out as a result of higher fees and less innovation."

But in its provisional findings, the CMA said the deal "could result in U.K. SMEs and investors losing out as a result of higher fees and less innovation." Seedrs added that it disagreed with the regulator's conclusion that the merger would be anti-competitive.

 

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