Amazon’s purchase of a stake in Deliveroo provisionally cleared

Amazon’s purchase of a stake in Deliveroo, an online food delivery group, has been “provisionally cleared” by Britain’s competition regulatory body.

“Without additional investment, which we currently think is only realistically available from Amazon, it’s clear that Deliveroo would not be able to meet its financial commitments and would have to exit the market”

Stuart McIntosh, chair of the CMA’s independent inquiry group

Amazon’s stake in Deliveroo was previously restricted by antitrust regulators to $575M, but solvency issues have seemingly deemed it necessary for Amazon to provide more funding.