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"
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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
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
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