Amazon's massive investment in food delivery startup Deliveroo faces further delays thanks to a formal antitrust probe

Amazon's major investment in British food delivery startup Deliveroo has hit another snag after the UK's competition watchdog decided to launch a formal investigation into the deal. The Competition and Markets Authority has been weighing whether to conduct a formal probe since July 2019, after Amazon led a $575 million funding round into Deliveroo. The CMA is worried that Amazon will effectively merge with Deliveroo with the investment, reducing competition.

Amazon's major investment in British food delivery startup Deliveroo has hit another snag after the UK's competition watchdog decided to launch a formal investigation into the deal. The Competition and Markets Authority has been weighing whether to conduct a formal probe since July 2019, after Amazon led a $575 million funding round into Deliveroo. The CMA is worried that Amazon will effectively merge with Deliveroo with the investment, reducing competition.

SAI I'm sick a Jeff Bezos, he destroyed Whole Foods, he bad for business.

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 Amazon.com moved into the business of U.S. electionsAmazon’s cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections. via nanditab1 nanditab1 I am not sure this is a good idea nanditab1 nanditab1 oh my god. this is a god awful idea. who oked this?
Source: Reuters - 🏆 2. / 97 Read more »

Amazon announces 18 finalists for small business awards - Business InsiderAmazon customers can vote for their favorites in the categories of Small Business of the Year, Women-Owned, and Owner Under 30. Ahh, that's so cute. What's the main prize, 'Don't get forced out of business by Amazon'?
Source: BusinessInsider - 🏆 729. / 51 Read more »