logo-loader
viewAmazon.com, Inc.

Amazon told to steer clear of Deliveroo data as CMA launches investigation

The Competition and Markets Authority (CMA) will evaluate whether the merger would “result in a substantial lessening of competition” in the UK

Deliveroo drivers

Amazon Inc's (NASDAQ:AMZN) purchase of a stake in takeaway delivery service Deliveroo has been challenged by the UK competition watchdog.

The Competition and Markets Authority (CMA) has launched an investigation into whether the merger would “result in a substantial lessening of competition” in the UK.

Earlier this year, the US internet giant was the lead investor in a US$575mln funding round undertaken by Deliveroo, which said it would use the money to improve its technology.

The news sparked controversy, with Labour’s deputy leader Tom Watson claiming Amazon was just trying to access more consumer data.

In its statement on Wednesday morning, the CMA ordered the two firms to keep their activities separate while the investigation is ongoing.

The current deadline for a decision on the first phase is 11 December.

Quick facts: Amazon.com, Inc.

Price: 3080.67 USD

NASDAQ:AMZN
Market: NASDAQ
Market Cap: $1.55 trillion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Empower Clinics sees record number of patients as revenue per patient sees a...

Empower Clinics (CSE: CBDT-OTC: EPWCF) Chair and CEO Steven McAuley joined Steve Darling from Proactive Vancouver with news their Sun Valley Clinics in Arizona has seen record numbers for patient visits in July. McAuley discusses what those numbers are. McAuley also told Proactive how...

1 hour, 14 minutes ago

2 min read