UK watchdog gives Amazon-Deliveroo deal tentative approval

UK watchdog gives Amazon-Deliveroo deal tentative approval

4 years ago
Anonymous $GRbK1oXs9y

https://apnews.com/19c03de37193fa9f0b96d6442217eed5

Britain’s competition watchdog has provisionally approved Amazon’s plan to buy a stake in food delivery company Deliveroo, saying it would not have a negative impact on customers by reducing choice or raising prices.

The Competition and Markets authority approved a deal that will see Amazon take a 16% stake in the delivery platform. The authority warned it would re-assess if Amazon, which has a dominant presence in online retail, sought to increase its stake further.