The Competition and Markets Authority (CMA) announced an official merger inquiry of the Sportradar planned IMG Arena acquisition [Friday].
The UK competition regulator said the probe will begin the first working day after the notice was given, meaning 1 September, with the deadline for a final decision due 24 October.
It follows the CMA inviting comment in July whether the purchase would lead to a “substantial lessening of competition” within the UK goods and services market.
Following the first 40-day phase 1 inquiry, the CMA will make a decision whether to refer the merger for a more in-depth investigation or otherwise let the deal proceed.
