for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

UK watchdog offers Viagogo, Stubhub time to address competition concerns

June 11 (Reuters) - UK’s competition watchdog said on Thursday it is offering ticket reseller Viagogo and Stubhub a week’s time to submit proposals addressing the regulator’s concerns over Viagogo’s $4.05 billion deal for the ticketing unit of U.S. e-commerce firm eBay Inc.

The Competition and Markets Authority (CMA) has given Viagogo and Stubhub until June 18 to offer an undertaking to its concerns that the deal could result in "substantial lessening" of competition in the United Kingdom. (reut.rs/3cP4NOl)

The CMA began an investigation in April into the merger, which was completed in February. (Reporting by Shanima A in Bengaluru; Editing by Maju Samuel)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up