Hardware

365 Markets must sell Three Square Market ahead of Cantaloupe buy

Photo courtesy 365 Retail Markets

May 6, 2026

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The Federal Trade Commission is requiring 365 Retail Markets to divest micromarket retail technology provider Three Square Market as a condition of its planned $848 million acquisition of Cantaloupe, according to a Marketwatch report. The agency said the proposed consent order resolves concerns that the deal would reduce competition in the micromarket kiosk sector.

According to the FTC, combining the two companies without divestiture could lead to higher prices and lower-quality micromarket services. To address those concerns, the order requires that Three Square Market be sold to Seaga Manufacturing, positioning it as a vertically integrated competitor in the space. The FTC also plans to appoint an independent monitor to oversee compliance with the order.

The agreement would further restrict 365 Retail Markets from acquiring interests in other micromarket kiosk businesses for 10 years without prior notice to the FTC. The agency's Bureau of Competition Director Daniel Guarnera said the action is intended to preserve competition and protect consumers from potential price increases. Cantaloupe said in a regulatory filing that it expects the transaction to close on or around May 8.