The coronavirus pandemic has just claimed another victim: Britain’s anti-tech antitrust policy. The country’s competition regulator on Friday reluctantly cleared a $575 million investment in food delivery startup Deliveroo led by Amazon. As in 2008, authorities may come to regret deals they waved through in a crisis.
But the pandemic has weakened those defences. Deliveroo told the CMA that it will soon run out of money without fresh financing. Given the grim economic outlook, finding new investors is unlikely. If Deliveroo goes bust, rivals like Just Eat Takeaway.com and Uber Eats will have less incentive to offer discounts to customers. Far from protecting competition, the CMA would have reduced it.
KarenKKwok UK government started hunt for coronavirus vaccine...Covid_19 COVID
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