Now it’s time the US does the same thing, limit Amazon’s world domination
Amazon’s investment in British food delivery startup Deliveroo has been halted by Britain’s competition regulator in a rare loss for the Masters of the Universe.
Business Insider reports that Amazon’s $575 million investment in British food delivery startup Deliveroo has been put on hold by the U.K.’s antitrust regulator, the Competition and Markets Authority (CMA). The CMA has stepped in to pause the deal and prevent any integration attempts between the two companies as it considers launching a full investigation. The CMA said that the initial enforcement orders were served to the companies on June 24.
The CMA referred to Amazon’s investment as “a minority shareholding,” and stated that it had reasonable grounds for suspecting that Amazon and Deliveroo “have ceased to be distinct,” or were considering business arrangements that would result in the companies “ceasing to be distinct.” The current halt of the investment gives the CMA time to decide whether or not to launch a “Phase 1” competition probe.