Monday 8 July 2019

UK's competition watchdog asks Amazon and Deliveroo to pause integration

UK's competition watchdog asks Amazon and Deliveroo to pause integrationBritain's competition watchdog served Amazon and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in the online food delivery company.

Amazon bought a stake in Deliveroo in May, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.

An initial enforcement order is put in place to prevent the businesses from integrating after a possible merger, while the watchdog decides if it needs to launch an investigation.

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