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UK competition watchdog to examine Amazon's Deliveroo investment

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Britain's competition watchdog served Amazon and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in ...

REUTERS: Britain's competition regulator on Friday took action to pause Amazon's investment in online food delivery group Deliveroo by serving an initial enforcement order on the two companies.

The regulator uses it if it suspects that two enterprises"have ceased to be distinct", or that arrangements are in place or contemplation, which could result in the enterprises"ceasing to be distinct". Deliveroo founder and CEO Will Shu said in May that the fundraising would enable the loss-making group to increase its reach, develop technology and pursue innovations such as expanding its own kitchens that can be rented to restaurants to meet demand.Channel NewsAsia - Sentifi topic widget

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UK's competition regulator to examine Amazon investment in DeliverooBritain's competition watchdog served Amazon and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in ...
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