The UK Competition and Markets Authority (CMA) has provisionally cleared VTech’s acquisition of LeapFrog Enterprises.
The CMA found that the merger may not be expected to result in a substantial lessening of competition in the supply of learning toys for 0-5 year-olds, children tablets and content or future innovation in toys.
The CMA’s final decision will be made after collecting views on the provisional findings and assessing all evidence.
"I am very pleased that the CMA has provisionally cleared this merger," says Allan Wong, chairman and group CEO of VTech. "We have always believed that the combination of VTech and LeapFrog will give consumers greater choice and ensure ongoing innovation of electronic learning toys."
VTech will continue to work closely with the CMA through the remainder of its merger enquiry.