UK Regulators Press Pause on Amazon’s $575M Investment in Deliveroo
CMA stifles Deliveroo’s plans just weeks after its sixth anniversary.
One month after Amazon announced a $575 million investment in Deliveroo, a London-based food delivery service, regulators in the United Kingdom press pause on the transaction, forcing the companies to stop any forward progress. The Competition and Markets Authority (CMA) released an initial enforcement order effective June 24 stating it has “reasonable grounds for suspecting” that Amazon.com and Deliveroo will cease to be distinct entities if the transaction goes through. If the deal is completed, Amazon would be a minority owner of Deliveroo.
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