Amazon’s deal with Deliveroo facing deep investigation

Amazon’s deal with Deliveroo facing deep investigation

Amazon’s UK ambitions have been checked by the competition watchdog after it launched an in-depth investigation into the online retailer’s purchase of a stake in food delivery company Deliveroo. The Competition and Markets Authority announced the probe on Friday after Amazon and Deliveroo declined to offer concessions in response to the CMA’s initial raising of concerns earlier this month. Amazon was the lead investor in a $575m (£442m) funding round, announced in May, which reportedly gave it a 16% stake in Deliveroo. Deliveroo has been seeking investment to boost its…

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