UK competition watchdog to examine Amazon's Deliveroo investment

REUTERS: Britain's competition regulator on Friday took action to pause Amazon's investment in online food delivery group Deliveroo by serving an initial enforcement order on the two companies.

The regulator uses it if it suspects that two enterprises"have ceased to be distinct", or that arrangements are in place or contemplation, which could result in the enterprises"ceasing to be distinct". Deliveroo founder and CEO Will Shu said in May that the fundraising would enable the loss-making group to increase its reach, develop technology and pursue innovations such as expanding its own kitchens that can be rented to restaurants to meet demand.Channel NewsAsia - Sentifi topic widget

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon tells UK regulator Deliveroo investment will help consumersAmazon's investment in British online food delivery group Deliveroo would be positive for consumers, Amazon said on Friday after Britain's ... Let's stop Amazon destroying our business. legalactionagainstamazon Lest stop Amazon destroying British economy. legalactionagainstamazon
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UK's competition regulator to examine Amazon investment in DeliverooBritain's competition watchdog served Amazon and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »