"The unprecedented health crisis we all face has disrupted businesses across the country," the company said in a statement. The CMA previously argued that Deliveroo's cash injection from Amazon could reduce competition by removing the possibility of the e-commerce giant re-entering the market.ĭeliveroo said on Friday that it was "delighted" with the CMA's decision, adding it would "be a boost to the U.K. operations in 2018 and closed down completely the following year. But antitrust regulators froze the e-commerce giant's minority stake, citing competition concerns raised by the deal.Īmazon has in the past operated an online takeout business, called Amazon Restaurants, but it shuttered U.K. "This could mean that some customers are cut off from online food delivery altogether, with others facing higher prices or a reduction in service quality. Faced with that stark outcome, we feel the best course of action is to provisionally clear Amazon's investment in Deliveroo."Īmazon was the lead investor in Deliveroo's $575 million funding round announced back in May last year. "Without additional investment, which we currently think is only realistically available from Amazon, it's clear that Deliveroo would not be able to meet its financial commitments and would have to exit the market," Stuart McIntosh, chair of the CMA's independent inquiry group, said in a statement. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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