The CMA is currently gathering evidence before it formally launches an investigation into the Morrisons takeover. The CMA said the order “does not prohibit the completion of the transaction provided that the acquirer group and Morrisons” observe its restrictions.ĬD&R said it was looking forward to “working constructively with the CMA to address any concerns they may have”. The Competition and Markets Authority (CMA) has issued an Initial Enforcement Order, which requires Morrisons to be run separately and not re-organised or integrated into CD&R until the deal is cleared. In other news from this morning - Morrisons supermarket chain must continue to be run as a separate business following the £7bn takeover by US private equity group Clayton, Dubilier & Rice (CD&R), the UK competition watchdog has said, while it reviews the deal. It is urging investors to “exercise caution while trading!” However, CoinMarketCap carries a warning that it has “received multiple reports that the users are not able to sell this token in Pancakeswap”, which is a decentralised exchange. Netflix's 'Squid Game' Spawns Crypto Coin With Market Cap Above $174M October 29, 2021
reports OctoCharles Mok 莫乃光 the sequel: Will players play if they're paid in SQUID crypto? CoinDesk seems to have hit the zeitgeist at the right time, amid the explosive popularity of Netflix’s Squid Game and rising play-to-earn adoption. SQUID was worth just $0.01 earlier in week, but is currently worth over $6. Its value has shot up by 193% in just the last 24 hours, according to crypto price tracking website CoinMarketCap. The SQUID coin’s appears to have caught crypto investors’ attention in much the same way as the TV show. The token is what’s known as a “play-to-earn” crypto, where users play a game and earn cryptocurrency while doing so, and buys entry to an online version of Squid Game, which is reportedly due to begin in November. A giant doll from Netflix show Squid Game installed at the Olympic Park in Seoul, South Korea Photograph: Simon Shin/SOPA Images/REX/Shutterstock
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