The regulator has set a deadline of 16 June to make a ruling on the deal

The UK Competition and Markets Authority said Friday that it has started a formal investigation into whether KKR's proposed acquisition of e-books distributor OverDrive from Rakuten may hurt competition in the UK.

The regulator has set a deadline of 16 June to make a ruling on the deal.

UK competition watchdog starts inquiry into KKR’s takeover of OverDrive

UK competition watchdog starts inquiry into KKR’s Takeover of OverDrive Holdings

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