Amazon’s Deliveroo financial investment gets thumbs-up from UK regulators

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Amazon’s minority financial investment in Deliveroo won the approval Tuesday of the UK’s Competition and Markets Authority (CMA). The offer will provide Amazon 16% stake in the UK-based food shipment business, a figure the CMA states will not lower competitors.

“When looking at any merger, the CMA’s role is to assess whether consumers will lose out from a substantial lessening of competition,” Stuart McIntosh, questions chair at the CMA, stated in a release. “We have not found this to be the case given the scale of Amazon’s current investment, but if it were to increase its shareholding in Deliveroo, that could trigger a further investigation by the CMA.”

The CMA stopped briefly Amazon’s financial investment in the meal-delivery service in 2015 in the middle of issues that a merger would lower customer option and break competitors guidelines. The choice to clear Amazon’s financial investment comes a week after CEO Jeff Bezos was questioned by United States political leaders in an antitrust hearing.

Deliveroo runs all over the UK, in addition to in Australia, Germany, the United States, France, Singapore, Hong Kong, Belgium, Ireland, Italy, the Netherlands, Spain, Taiwan, Kuwait and the United Arab Emirates.