10/16, 12:33 PM (Source: TeleTrader)
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Amazon under antitrust probe for Deliveroo deal in UK

The Competition and Markets Authority (CMA) will launch an official investigation on October 17 into Inc. and Roofoods Ltd (Deliveroo) investment deal, the UK's watchdog revealed on Wednesday.

CMA expressed concern that competition would be reduced with Amazon potentially acquiring Deliveroo in entirety in the case the deal is completed. A "phase two" of the investigation might start by December 11.

Deliveroo, a food delivery startup, announced on May 17 that Amazon will make a $575 million investment into their company. The investment was blocked since a "closer look" was being taken by CMA since July 5.

Breaking the News / MS