UK Competition Watchdog Opens Investigation Into Amazon's Deliveroo Investment
October 16 2019 - 5:46AM
Dow Jones News
By Adria Calatayud
The U.K.'s Competition and Markets Authority said Wednesday that
it has launched a phase 1 investigation into Amazon.com Inc.'s
(AMZN) investment in U.K. food-delivery company Deliveroo.
The regulator said it is considering whether the deal will
result in a relevant merger situation under U.K. rules and, if so,
whether that might be expected to hurt competition in the U.K.
Its said the deadline for its phase 1 decision is Dec. 11.
The CMA said in July that it was considering to refer Amazon's
investment in Deliveroo--officially called Roofoods Ltd.--for an
investigation and served an initial enforcement order in relation
to the deal, which limited the extent to which the two companies
could integrate their operations while the regulator examined the
transaction.
Deliveroo in May raised $575 million in a funding round led by
Amazon, in which the U.S. tech giant became one of the biggest
investors in the London-based startup.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 16, 2019 05:31 ET (09:31 GMT)
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