CMA not satisfied with VTech's lack of answers
The CMA sais it woul reer the merger unless VTech offered acceptable undertakings to address the CMA’s competition concerns regarding the supply of toddler electronic learning toys, child laptops/tablets and child electronic reading systems in the UK.
The CMA gave VTech until August 25 to offer proposals to address the CMA’s competition concerns in lieu of a reference. As VTech has not offered any undertakings, the CMA will therefore now refer the merger.
A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff. The deadline for the final report will be 13 February 2017. ■