Given the UK's Financial Conduct Authority (FCA) recent approval of a $1.2 billion offer made back on March 23, the Isle of Man-based online payment provider Optimal Payments can now conclude the acquisition of the Skrill Group.
Optimal, which already manages other popular e-payment services like Neteller, Net+ and NETBANX, expects to complete the deal no later than August 10.
"The Directors of Optimal Payments believe that the acquisition will be transformational and value enhancing for Optimal Payments and will create a leading payment and digital wallet provider with significant international scale and reach that is well positioned to capitalize on the substantial and growing payment processing and digital wallet markets, particularly within the rapidly expanding online gambling sector," Optimal said of the deal.