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8/4, 12:26 PM (Source: TeleTrader)
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UK regulator clears Amazon's deal with Deliveroo

The United Kingdom Competition and Markets Authority (CMA) announced on Tuesday that it approved Amazon.com Inc's deal with food delivery firm Deliveroo following an in-depth investigation.

"The CMA’s final decision to clear the deal on competition grounds is the culmination of extensive analysis of internal documents from Amazon and Deliveroo, a survey of more than 3,000 consumers, and extensive submissions from interested third parties," the CMA stated. and noted it concluded that the e-commerce giant's 16% investment in Deliveroo will "not substantially lessen competition in either market."

However, the watchdog warned that it intends to launch a further investigation if Amazon decides to increase its investment and acquire a controlling interest in the food delivery company.

Breaking the News / NP