 "Deliveroo Photo: Wikipedia")
Amazon’s purchase of a stake in Deliveroo has been provisionally cleared by Britain’s competition regulator in view of a potentially fatal deterioration in the online food delivery group’s finances because of the coronavirus pandemic.
Amazon.com Inc led a $575 million fundraising in Deliveroo last May, making what the two parties called “a minority investment” and pitching it against Uber Eats and Takeaway.com in the global race to dominate the market for meal deliveries.
Britain’s Competition and Markets Authority (CMA) launched a detailed investigation in December, saying the deal could damage competition by discouraging Amazon from re-entering the online restaurant food market and
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