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May 29, 2022
Finance Technologies

Seedrs abandons £140m Crowdcube merger after CMA block

Update 25/03/2021 12:24: Crowcube has since approached FinTech Futures to confirm both parties “have jointly agreed” to withdraw from the transaction following the CMA’s findings. The UK’s two largest equity crowdfunding platforms, Crowdcube and Seedrs, have abandoned their £140 million merger just a day after the Competition and Markets Authority (CMA) concluded its opposition to the deal. Jeff Lynn, Seedrs’ executive chairman and co-founder, announced the news via a blog post. The CMA said the deal would “reduce competition and innovation” “Given the low likelihood that [the CMA] will change their mind at this point, we have concluded that it…
Seedrs abandons £140m Crowdcube merger after CMA block

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