July 31, 2018 / 6:54 AM / 8 months ago

UK competition regulator to further investigate Experian-ClearScore deal

July 31 (Reuters) - Britain’s competition watchdog will hold an in-depth merger investigation into Experian Plc’s acquisition of ClearScore after the world’s biggest credit data company chose not to offer proposals to address the regulator’s concerns.

Experian said in March it would buy financial technology company ClearScore for 275 million pounds ($360.9 million).

The Competition and Markets Authority said earlier this month it was concerned the merged company would be less likely to innovate and could potentially lead to people paying more for credit cards and loans. ($1 = 0.7619 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)

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