Amazon's purchase of a stake in Deliveroo has been provisionally cleared by Britain's competition regulator in view of a potentially fatal deterioration in the online food delivery group's finances because of the coronavirus pandemic.
Britain’s Competition and Markets Authority launched a detailed investigation in December, saying the deal could damage competition by discouraging Amazon from re-entering the online restaurant food market and further developing its presence within the online convenience grocery delivery market.
The regulator said Deliveroo informed it the impact of the pandemic on its business meant it would fail financially and exit the market without the Amazon investment. He said Deliveroo’s demise could leave some customers cut off from online food delivery and others facing higher prices or a reduction in service quality.
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