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UK watchdog investigates Global Payments' $24 billion purchase of Worldpay

Sept 16 (Reuters) - Britain' Competition and Markets Authority (CMA) on Tuesday launched a merger inquiry into Global Payments' GPN.N $24.25 billion acquisition of Worldpay, assessing whether the deal could potentially lessen competition in UK markets.

The CMA has set a deadline of November 11 to reach its Phase 1 decision.

 (Reporting by Ankita Bora in Bengaluru; Editing by Anil D'Silva)

 ((Ankita.Bora@thomsonreuters.com;))

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