Amazon’s purchase of Deliveroo stake gets UK watchdog’s provisional blessing again – ZAWYA

Amazon’s purchase of Deliveroo stake gets UK watchdog’s provisional blessing again – ZAWYA

Amazon's purchase of Deliveroo stake gets UK watchdog's provisional blessing again Amazon's purchase of Deliveroo stake gets UK watchdog's provisional blessing again | ZAWYA MENA Edition HomeMarketsEquitiesArticleAmazon's purchase of Deliveroo stake gets UK watchdog's provisional blessing again On Wednesday the CMA restated its provisional clearance - this time purely on competition grounds    LONDON- Britain's competition regulator has restated its provisional clearance of Amazon's purchase of a 16% stake in online delivery group Deliveroo but changed the basis of its approval.Amazon led a $575 million fundraising in Deliveroo in May last year with what the two parties called "a minority investment". Having launched an investigation into the deal in December, the Competition and Markets Authority (CMA) provisionally cleared the deal in April, saying Deliveroo could go out of business without Amazon's investment.On Wednesday the CMA restated its provisional clearance - this time purely on competition grounds.(Reporting by James Davey, Editing by Paul Sandle) (([email protected])) Most Read Stock Market DataDubai FM 2,099.21300,501,344(-1.01% )Abu Dhabi SE 4,329.7270,887,481(0.24% )Saudi SE 7,213.36246,305,960(-0.71% )Egypt SE 11,039.540(2.55% )Most Active Stocks MoreOur Privacy Statement & Cookie PolicyThis website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You