REG - Competition and Mkts - Merger Update: Uber / Autocab

Uber TechnologiesAnnouncement

29/01/2021 13:05

RNS Number : 3967N
  
Competition and Markets Authority
  
29 January 2021
  
 

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY UBER INTERNATIONAL B.V., A WHOLLY OWNED SUBSIDIARY OF UBER TECHNOLOGIES, INC., OF GPC COMPUTER SOFTWARE LIMITED AND ITS SUBSIDIARIES (AUTOCAB)
 
The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. 
 
The CMA announced the launch of its merger inquiry by notice to the Parties on 29 January 2021 and has a deadline of 26 March 2021 for its phase 1 decision.
 
For Publicity:
 
TITLE OF MERGER: ANTICIPATED ACQUISITION BY UBER INTERNATIONAL B.V., A WHOLLY OWNED SUBSIDIARY OF UBER TECHNOLOGIES, INC., OF GPC COMPUTER SOFTWARE LIMITED AND ITS SUBSIDIARIES (AUTOCAB)
 

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