UK competition regulator puts brake on Amazon’s Deliveroo investment


  • TECH
  • Friday, 05 Jul 2019

Deliveroo food delivery bags are seen in Nice, France, June 5, 2018. REUTERS/Eric Gaillard/Files

Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation. 

Amazon led a US$575mil (RM2.37bil) fundraising in Deliveroo in May, making what the two parties called “a minority investment” and going up against Uber Eats in the global race to dominate the market for takeaway meal deliveries. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Opinion: Apple's latest iPad update means even fewer reasons to buy a laptop
South Korea prepares support package worth over $7 billion for chip industry
Study: AI chatbots that simulate the dead risk haunting the bereaved
Opinion: Buying a new phone? Why you shouldn't pay more for extra storage
Apple's Maryland store workers vote to authorize strike
Review: ‘Sand Land’ shows depth of ‘Dragon Ball’ creator’s imagination
Musk sees fourth flight of SpaceX's Starship in 3-5 weeks
Arm Holdings plans to launch AI chips in 2025, Nikkei reports
Musk's Starlink satellites disrupted by major solar storm
Learn programming in space in free app ‘Rabbids Coding!’ (PC/mobile)

Others Also Read