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UK Competition & Markets Authority Provisionally Clears Merger of VTech and LeapFrogHONG KONG, Dec. 12, 2016 /PRNewswire/ -- VTech Holdings Limited (HKSE: 303, VTech) welcomes the United Kingdom Competition and Markets Authority's (CMA) decision to provisionally clear its acquisition of LeapFrog Enterprises, Inc. (LeapFrog). 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 years old, children tablets and content or future innovation in toys. The CMA has published these provisional findings on its website. Its final decision will be made after collecting views on the provisional findings and assessing all evidence. "I am very pleased that the CMA has rovisionally cleared this merger," said Allan Wong, Chairman and Group CEO of VTech Holdings Limited. "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. About VTech Logo - http://photos.prnasia.com/prnh/20151203/8521508294LOGO |