UK competition regulator puts brake on Amazon's Deliveroo investment

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Britain's competition regulator has stepped in to pause Amazon's inves...

) investment in online food delivery group Deliveroo while it considers launching a full investigation.

On Friday Britain’s Competition and Markets Authority said it served an initial enforcement order on the two companies on June 24, signaling possible concerns about the transaction. The order requires Amazon and Deliveroo to operate independently for now, meaning they cannot press ahead with the tie-up. It gives the regulator time to decide if it will launch a formal “Phase 1” competition probe.

Deliveroo said it and Amazon had been working closely with regulators to obtain their approval. The two companies will argue that the investment will help Deliveroo grow its coverage, increase competition and boost the restaurant sector.

 

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UK actually has functioning, independent anti-trust. BernieSanders needs to bring this here.

Climate change cooperation is in need of diminish order to Amazon. Less emissions!

SenSanders should breakup Amazon and other tech companies

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