UK Competition Watchdog Launches Investigation Into Amazon's Deliveroo Deal
Britain's competition regulator said on Wednesday it has launched an investigation into Amazon.com Inc's investment in online food delivery firm Deliveroo.
The Competition and Markets Authority (CMA) said it was looking into whether Amazon's investment in May, when it led a $575 million fundraising, could result in a "substantial lessening of competition" within the United Kingdom.
The CMA said it has a 11 December deadline for a decision on the first phase of its investigation.
In July of this year, Britain's competition regulator served an initial enforcement order on the two companies to pause Amazon's investment in the online food delivery group.
The Competition and Markets Authority's initial enforcement order is used when the watchdog has a concern about a transaction.
It prevents businesses from pressing ahead with a tie-up, while the regulator decides if it needs to launch a formal investigation.