LONDON, Aug 4 — British regulators today said they had approved Amazon’s bid to buy part of online takeaway delivery group Deliveroo after an in-depth probe found it would not hit competition. An initial review of the deal by the Competition and Markets Authority (CMA), which assesses if...
A Deliveroo worker unloads his bicycle as he makes a delivery in London August 15, 2016. — Reuters pic
An initial review of the deal by the Competition and Markets Authority , which assesses if consumers will lose out from a substantial lessening of competition, highlighted potential concerns. UK-based Deliveroo announced in May last year that the US online giant was the largest investor in a US$575-million funding round, giving it a 16-per cent share of the firm.
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