British watchdog clears Paddy Power owner’s merger

Flutter’s tie-up with The Stars Group will not worsen offering for online gamblers, competition authority finds

Aaron Rogan

News Correspondent @aarrogan
31st March, 2020
British watchdog clears Paddy Power owner’s merger
Flutter warned last week that its projections for 2020 would be adversely affected by the cancellation of sporting events due to the Covid-19 pandemic. Picture: PA

Paddy Power-Betfair owner Flutter’s merger with a Canadian firm to create the biggest online gambling operation in the world has been cleared by the British competition watchdog.

Flutter Entertainment announced the plan to merge with The Stars Group (TSG) in October. The €4.5 billion all-share deal will have Flutter shareholders controlling 54 per cent of the combined business, which will look to grow in the US and extend its position as one of...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Interview with John Hoade, wine specialist: ‘Earning somebody’s trust, keeping it and having integrity are vital when it comes to maintaining a good impression’

This Working Life: Beware of the cultural gaps when entering new online markets

Cheaper fast-track rescue process for small companies set to launch

Tánaiste launches Redesdale’s €75 million food fund