Office of Fair Trading to investigate £37.7m acquisition
Google’s £37.7m acquisition of BeatThatQuote.com will be reviewed by the OFT to see if creates a “relevant merger situation”.
The Office of Fair Trading (OFT) confirmed the review in a statement today, adding that it will “consider whether the creation of that situation may be expected to result in a substantial lessening of competition.”
Google spokesman Stephen Rosenthal said: “BeatThatQuote.com’s expertise combined with Google’s technology will spur innovations that save U.K. consumers time and money.”
An OFT spokesman said: "We are opening an investigation and asking for comments."
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