Amazon’s Deliveroo deal faces in-depth probe in UK
The UK's Competition and Markets Authority sees a real risk that Amazon’s investment could lead to higher prices
11 December 2019 - 19:32
London — Amazon.com’s multimillion-pound purchase of Deliveroo could hurt competition by discouraging the US company from re-entering the British food-delivery market, the UK competition watchdog said on Wednesday.
The Competition and Markets Authority (CMA) will continue to review Amazon’s investment in the fast-growing start-up unless they offered remedies to address competition concerns within five days. The investigation, which began in October, may go into a second phase and could eventually result in the blocking of the investment of about $500m...
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