A PYMNTS Company

UK: Amazon told to answer Deliveroo deal concerns in 5 days

By  |  December 11, 2019

The UK’s competition watchdog has announced it may be forced to launch an in-depth investigation into Amazon’s plans to invest in food delivery firm Deliveroo.

The Competition and Markets Authority (CMA) stated it was worried the tie-up could increase delivery prices.

The regulator gave the two firms five days to address its concerns about competition in the food delivery space.

If they fail to impress the watchdog, the US$575 million deal could ultimately be blocked.

The CMA stated that the investment may prevent Amazon from launching its own food delivery operation, a move which could reduce prices for customers in the future.

“Millions of people in the UK use online food platforms for takeaways, and more than ever are making use of similar services for the same-day delivery of groceries,” said Andrea Gomes da Silva, executive director of the CMA.

Full Content: Sky Statement

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.