UK clears Amazon deal to buy 16 per cent stake in online food platform Deliveroo
A photo taken on April 23, 2018, shows the Deliveroo Editions kitchen in Lavender. A shared kitchen operator lodged a complaint with the Competition and Consumer Commission of Singapore in July that it had been shut out by Deliveroo and GrabFood. PHOTO: ST FILE. Sketched by the Pan Pacific Agency.
LONDON, Aug 4, 2020, Reuters. Britain’s competition regulator on Tuesday cleared Amazon’s purchase of a 16% stake in online delivery group Deliveroo, following a provisional nod in June, National Post reported.
The Competition and Markets Authority’s (CMA) original clearance in April was on the basis that Deliveroo could go out of business without the Amazon investment, but changed its methodology to just focus on competition after criticism.
“Today’s final decision is the result of a thorough examination of this deal and the markets in which Amazon and Deliveroo operate,” said Stuart McIntosh, the inquiry chair.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Saumyadeb Chakrabarty)
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