More than a year after Amazon announced that it would be lead a $575 million investment into UK food delivery startup Deliveroo, the country’s competition regulator, the CMA, has finally announced that it has provisionally cleared the deal, without any additional remedies (that is, requests to alter the terms), saying that it does not pose any threats to potential competition. The investment, which gives Amazon a 16% stake in Deliveroo, is now being opened up to views and feedback from interested parties one more time, due by July 10, before announcing its final decision on August 6.

The decision only relates to this investment, not to further financial tie-ups between the two, it added: “This decision reflects the 16% shareholding that Amazon is acquiring at the

Read More At Article Source | Article Attribution