logo-loader
viewAmazon.com, Inc.

Amazon’s plans for stake in Deliveroo to get in-depth competition investigation

The Competition and Markets Authority will release a decision “as soon as is reasonably practicable”

Amazon.com, Inc. - Amazon wants to take a stake in Deliveroo

Amazon.com Inc (NASDAQ:AMZN) faces further investigation by the UK competition watchdog into its proposed acquisition of a stake in takeaway delivery service Deliveroo.

The Competition and Markets Authority (CMA) announced on Friday it has now entered phase 2 of the investigation, with a decision to be released “as soon as is reasonably practicable”.

"The CMA has referred the anticipated acquisition by Amazon of a minority shareholding and certain rights in Deliveroo for an in-depth investigation," said the regulator. 

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

The US online shopping giant was the lead investor in a US$575mln funding round undertaken by Deliveroo earlier this year, which the CMA said could reduce competition in the UK market.

The two companies were previously ordered to keep activities separate while the investigation is ongoing.

No details on the possible size of Amazon's stake have been published.

Quick facts: Amazon.com, Inc.

Price: 1972.74 USD

NASDAQ:AMZN
Market: NASDAQ
Market Cap: $985.68 billion
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

Full interview: Empower Clinics looking to attack opioid crisis with...

Empower Clinics (CSE:CBDT-OTC: EPWCF) Chairman and CEO Steven McAuley joined Steve Darling from Proactive in Toronto to discuss the company creating a division focussing on psilocybin and psychedelics aka magic mushrooms. McAuley telling Proactive how key this may become considering the...

3 hours, 59 minutes ago

2 min read