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India: Amazon’s bid to buy stake in retail hits yet another roadblock

 |  November 3, 2019

Amazon’s plan to acquire a stake in India’s Future Retail has again faced an obstacle, according to media reports. The Competition Commission of India has apparently sought more information from Amazon about its acquisition, which is expected to delay the deal.

“In certain overlapping segments and areas of operation of the parties, the combined market share exceeds the threshold specified in the combination regulations,” said the notice sent by the country’s antitrust body, according to Reuters report.

The report also added that the competition watchdog has also asked Amazon more than 40 questions related to the deal and its businesses.

Full Content: Reuters

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