On July 5, the Competition and Markets Authority, the UK’s competition regulator, ordered Amazon (pdf) to pause any integration with Deliveroo, a London-based food delivery startup in which Amazon led a $575 million (£457 million) investment in May (the size of Amazon’s investment wasn’t disclosed). The order instructs Amazon and Deliveroo to keep their businesses and brands separate. To be clear, Amazon didn’t buy Deliveroo, which has raised $1.5 billion to date and is valued at $4 billion. Read More...
Amazon is so big, even its startup investments are being scrutinized
On July 5, the Competition and Markets Authority, the UK’s competition regulator, ordered Amazon (pdf) to pause any integration with Deliveroo, a London-based food delivery startup in which Amazon led a $575 million (£457 million) investment in May (the size of Amazon’s investment wasn’t disclosed). The order instructs Amazon and Deliveroo to keep their businesses and brands separate. To be clear, Amazon didn’t buy Deliveroo, which has raised $1.5 billion to date and is valued at $4 billion.
Add Comment