UK Regulator Clears Amazon's Investment Into Deliveroo
04 Agosto 2020 - 1:52PM
Dow Jones News
By Joe Hoppe
The U.K.'s Competition and Markets Authority said Wednesday that
it has cleared a 16% investment by Amazon.com Inc. into U.K.
food-delivery platform Deliveroo, finding that it won't
substantially lessen competition.
In April, the antitrust watchdog provisionally approved Amazon's
investment on the basis that Deliveroo would have exited the market
without it, due to the hit from the coronavirus pandemic. That
decision was questioned by rival food-delivery group Just Eat
Takeaway.com NV and pizza-restaurant chain Domino's Pizza Group
PLC, among other parties.
The CMA said that following a substantial investigation,
including thorough analysis of internal documents from both
parties, a survey of over 3,000 consumers and extensive third-party
submissions, it has concluded the investment won't lessen
competition in either the restaurant delivery or the online
convenience grocery delivery markets.
If Amazon were to acquire greater control over the startup, this
could trigger a fresh probe, the regulator said.
Deliveroo raised $575 million in a funding round in May last
year led by Amazon, in which the U.S. tech giant became one of its
biggest investors.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
August 04, 2020 07:37 ET (11:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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