UK regulators say Amazon-Deliveroo deal investigation enters phase 2 - Business Insider

📆 27/12/2019 22:09:00
📰 BusinessInsider

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Amazon's investment in food-delivery app Deliveroo, its key weapon against Uber Eats in the UK, suffered another big setback from regulators

Amazon led a $575 million fundraising round by Deliveroo in May, and its stake would give it more say in running the online food delivery group's far-reaching UK network.

Britain's competition regulator is launching an in-depth investigation into Amazon's purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns. Earlier this month, the CMA said Amazon's investment into Deliveroo in its current form could harm competition in restaurant food delivery and online convenience grocery delivery.

Write Comment

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:

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Amazon top-selling items of the holiday shopping season - Business InsiderAmazon bestsellers included the Echo Dot, Lady Gaga's Haus Laboratories' eyeshadow, and the iRobot Roomba.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon Says Holiday Business Hit New HighsAmazon.com described the 2019 holiday season as record-breaking for the company, saying billions of items were ordered on the site and “tens of millions” Amazon devices purchased world-wide. Amazon、日本に早く税金払ってね。 Too bad this is only 3.5% of all retail sales So everybody gets a bonus?
Source: WSJ - 🏆 98. / 63 Read more »