UK Competition Regulator to Dig Deeper Into Amazon-Deliveroo Deal

Deliveroo and Amazon had defended the deal after an initial probe.

Advertisement
By Reuters | Updated: 27 December 2019 19:37 IST
Highlights
  • Amazon led a $575 million fundraising in Deliveroo in May
  • CMA found that Amazon's investment could harm competition
  • Both Deliveroo and Amazon had defended the deal

Deliveroo on Friday said it was working with the CMA

Britain's competition regulator has decided to deepen its investigation into Amazon.com's purchase of a stake in online food delivery group Deliveroo, a move that could delay the closure of the deal. The Competition and Markets Authority (CMA), which launched a probe in June, on Friday moved to "Phase 2" of the investigation as both Amazon and Deliveroo did not offer remedies to its concerns before a December 18 deadline, the regulator said.

Amazon led a $575 million fundraising in Deliveroo in May and the probe is likely to put at risk the e-commerce giant's efforts to compete with Uber Eats, Just Eat, and Takeaway.com in food delivery.

Earlier this month, the CMA had found that Amazon's investment into Deliveroo in its current form could harm competition in restaurant food delivery and online convenience grocery delivery.

Advertisement

Both Deliveroo and Amazon had defended the deal after the initial probe and the Seattle-based company had said the funding would "lead to more pro-consumer innovation".

Advertisement

Deliveroo on Friday said it was working with the CMA and said the deal would "add to competition, helping restaurants to grow their businesses, creating more work for riders and increasing choice for customers".

Amazon did not immediately respond to a request for comment.

Advertisement

© Thomson Reuters 2019

Amazon Deliveroo Investment Put on Hold by UK Regulator​

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Amazon, Deliveroo, UK, CMA
Advertisement

Related Stories

Popular Mobile Brands
  1. Vivo X300 Series Launching Today: Everything You Need to Know
  2. Oppo Find X9 Series Confirmed to Be Available in India via Flipkart
  3. Nothing Phone 3a Lite Launched With Glyph Light At This Price
  4. Amazon Fire TV Stick 4K Select Launched in India With Vega OS
  5. Instagram Lets Some Users 'Tune' Their Reels Algorithm
  6. Samsung Wallet Adds Digital Car Key Support in India: 5 Things to Know
  7. Realme C85 Pro Hands-On Images Allegedly Leak Ahead of Launch
  8. Moto G67 Power 5G India Launch Date, Key Features Announced
  9. Grammarly Rebrands to Superhuman, Introduces New Agentic AI Assistant
  10. Microsoft Azure Outage: What Caused the Issue, How It Was Resolved
  1. Grammarly Rebrands to Superhuman, Introduces New Agentic AI Assistant
  2. Microsoft Azure Services Restored After Global Outage: What Caused the Issue, How It Was Resolved
  3. Gemini for Home Voice Assistant Early Access Rollout Begins: Check Compatible Speakers, Displays
  4. Instagram Tests New Feature That Lets Users Customise Their Reels Algorithm
  5. Realme C85 Pro Hands-On Images Reportedly Reveal Design, Colour Options Ahead of Launch
  6. Vivo X300 Series Launching Today: Know Price, Features and Specifications
  7. NASA’s X-59 Supersonic Jet Takes Historic First Flight, Paving Way for Quiet Supersonic Travel
  8. ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
  9. SpaceX Launches 28 Starlink Satellites, Lands Falcon 9 Booster in Pacific
  10. Idli Kadai, Starring Dhanush, Now Streaming on Netflix: What You Need to Know
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.