UK regulator clears Amazon stake in coronavirus-hit Deliveroo

UK regulator clears Amazon stake in coronavirus-hit Deliveroo

UK’s regulator has given the green signal for Amazon’s purchase of a stake in Deliveroo. Amazon led a $575 million fundraising in Deliveroo last May, making what the two parties called ’a minority investment’ and pitching it against Uber Eats and Takeaway.com. Britain’s CMA has given provisional clearance in view of a potentially fatal deterioration in Deliveroo’s finances.

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