IT Blog

Amazon’s minority investment in Deliveroo won the approval Tuesday of the UK’s Competition and Markets Authority (CMA). The deal will give Amazon 16% stake in the UK-based food delivery company, a figure the CMA says won’t reduce competition.

“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, inquiry chair at the CMA, said 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…