The UK's competition regulator has cleared Amazon's purchase of a 16% stake in UK food delivery unicorn startup Deliveroo, after more than a year of probing the deal.
Deliveroo more recently said its finances and underlying business had improved, and said Tuesday it was delighted by the news. The deal was cleared by the Competition and Markets Authority after a 15-month probe during which Deliveroo's rivals, including pizza takeaway group Domino's, lobbied against the deal claiming it would reduce competition.The CMA's final clearance was anticipated, however, given the regulatorafter Deliveroo said its finances were deteriorating during the COVID-19 pandemic, and again in June.
The CMA said Tuesday that the startup's finances had since recovered, saying "Deliveroo could no longer be considered a failing firm"
Bezos: Alexa, buy me something from Deliveroo Alexa: Ok, Jeff, I got you a 16% stake.
Grilling is always the solution for buying a steak of a food platform.
as the UK is not related to EU, there are no questions
rather_unique91 they bout to go up again
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to pronounce CFIUS, US entity that probes foreign business deals - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
7-Eleven is buying Speedway gas stations in a $21 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 7-eleven got money 💰😃
Source: BusinessInsider - 🏆 729. / 51 Read more »
Brexit: Operation Brock coming back amid risk of no UK-EU trade deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Project reality.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US investors back a quarter of all big European fintech deals - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Washington DC
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft Aims for a Deal to Buy TikTok’s U.S. BusinessCovert talks began weeks ago on a transaction that could reshape the global tech landscape and further strain U.S.-China relations. After the software giant’s CEO and President Trump spoke Sunday, Microsoft said an agreement could include the video app’s operations in Canada, Australia and New Zealand. Msft to the moon 🌙 ✨ stonks Does anyone really think that the Chinese government is going to let this happen? Guessing $msft will be up 2% tomorrow.
Source: WSJ - 🏆 98. / 63 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »