Topcashback and Quidco have long been the two top-paying cashback sites in our Top Cashback Sites guide, and have dominated cashback in the UK for years.
Top Online Partners Group, which owns Topcashback, and Maple Syrup Group, which owns Quidco, have agreed to form a new single group, CB Group Holdings. All of the brands owned by the two groups worldwide – including Topcashback in the US, India and China as well as the UK – would be part of the deal.
The companies say Topcashback and Quidco will continue to operate as independent brands if the deal goes ahead – but the plans have been voluntarily submitted to the Competition and Markets Authority (CMA) for review.
A Topcashback spokesperson told MoneySavingExpert.com the CMA’s initial review is likely to take up to 40 working days, but it could take longer to rule on the plans if further investigation is needed.
The CMA told us it doesn’t comment on this type of deal until it actually launches an investigation.