logo
Plus   Neg
Share
Email

CMA Refers Amazon-Deliveroo Deal For Phase 2 Investigation - Quick Facts

The Competition and Markets Authority, or CMA, has decided to refer the anticipated acquisition by Amazon of a minority shareholding and certain rights in Roofoods (Deliveroo) for a phase 2 investigation.

The CMA previously found that the deal will result in the creation of a relevant merger situation, which may result in a substantial lessening of competition within a market or markets in the United Kingdom. As the companies did not offer any undertakings to the CMA to resolve the concern, the CMA decided to refer the anticipated acquisition for a phase 2 probe.

Deliveroo is a food delivery service headquartered in London. It operates across 14 markets around the world. In the UK, the company's main competitors are Uber Eats and Just Eat.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
In view of an expected growth in online shopping in the upcoming holiday season, Walmart announced its plan to hire more than 20,000 seasonal associates in its eCommerce fulfillment centers across the country. The company offers a starting hourly rate ranging from $15.75 up to $23.75 based on location, position and schedule. Tour operator TUI AG Tuesday said Summer 2020 and Winter 2020/21 capacity reduced as a result of recent volatile changes in travel restrictions amid Covid-19 pandemic. The company further announced the launch of Global Realignment Programme, aiming to permanently reduce overhead cost base by 30%. The program potentially impacts 8,000 roles. Home improvement retailer Lowe's Companies Inc. plans to install pickup lockers at all U.S. stores aiming to improve contactless delivery for online buyers amid worsening Covid-19 spread. The "Buy Online Pickup in Store" self-service lockers at its more than 1,700 stores will be available by the end of March 2021. In most major metro markets, the online pickup option will be installed by Thanksgiv
Follow RTT