Britain's competition regulator on Tuesday cleared Amazon's purchase of a 16per cent stake in online delivery group Deliveroo, following a provisional nod in June.
The Competition and Markets Authority gave its original clearance in April on the basis that Deliveroo could go out of business without the investment. It changed approach to focus on competition after criticism from rivals including Just Eat Takeaway and Domino's Pizza."Today's final decision is the result of a thorough examination of this deal and the markets in which Amazon and Deliveroo operate," said Stuart McIntosh, the inquiry chair.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: