Experian calls off £275m ClearScore acquisition

Experian, the consumer credit reporting company, has decided to stop its plan to acquire ClearScore for £275 million due to pressure from the UK’s Competition and Markets Authority (CMA).

ClearScore is a UK firm that offers free credit checks for consumers and has over six million customers. Experian had expressed its intention to acquire the company back in March 2018.

The reason the CMA raised doubts about the merger is that it believed it could have a negative impact on competition with the sector.

To read more, click here.