Deals
Amazon’s Deliveroo Deal Probed as U.K. Targets Tech Giants
- Competition regulator extends review of food delivery tie-up
- Move comes amid growing scrutiny of U.S. firms’ market power
This article is for subscribers only.
Amazon.com Inc.’s purchase of a minority stake in U.K. food startup Deliveroo faces a British probe in another sign of mounting antitrust scrutiny of American tech giants.
The Competition and Markets Authority said Friday it’s opening an in-depth investigation of Amazon’s investment of about $500 million, saying it risked a “substantial lessening” of competition “in the supply of online food platforms in the U.K. and in the supply of online convenience groceries.”