UK WATCHDOG GIVES AMAZON DELIVEROO DEAL TENTATIVE APPROVAL

Techlife News|Techlife News #452

UK WATCHDOG GIVES AMAZON DELIVEROO DEAL TENTATIVE APPROVAL
Britain’s competition watchdog has provisionally approved Amazon’s plan to buy a stake in food delivery company Deliveroo, saying it would not have a negative impact on customers by reducing choice or raising prices.

The Competition and Markets Authority approved a deal that will see Amazon take a 16% stake in the delivery platform. The authority warned it would re-assess if Amazon, which has a dominant presence in online retail, sought to increase its stake further.

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Techlife News #452