The UK Competition and Markets Authority is investigating the proposed investment deal between two giants in the tech space.
In Brief:
Amazon led Deliveroo’s series G round which raised $575mn.
The CMA will investigate whether the investment results in a “substantial lessening of competition”.
A decision will be made by 11 December.
What does this mean?
Ecommerce giant Amazon is looking for a stake in the disruptive meal delivery market, and investment in Deliveroo could be the way forward if it wants to compete with Uber Eats – if it’s given the go ahead.
