Ion-Broadway Merger Approved with Strings Attached
Broadway chief executive Tyler Moeller leads a consortium to buy the divested fixed-income business.
The UK competition regulator has approved the merger of Ion Investment Group and Broadway Technology on the proviso that Ion sells Broadway’s fixed-income business, including the underlying software and brand, to a consortium led by Broadway chief executive Tyler Moeller.
A source close to the Competition and Markets Authority (CMA) confirms that, once it deems competition to be restored, the divested business is “set on its way and the regulator does not have a role after that to regulate the
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