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Amazon's Deliveroo deal faces in-depth UK competition probe
Saturday, December 28, 2019, 7:34 AM
Britain's competition regulator is launching an in-depth investigation into Amazon.com Inc's (AMZN.O) purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns. Amazon led a $575-million fundraising by Deliveroo in May and the probe could disrupt the e-commerce giant's efforts to compete with Uber Eats (UBER.N), Just Eat (JE.L) and Takeaway.com (TKWY.AS) in food delivery.
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