Renewable Energy

UK's competition watchdog asks Amazon and Deliveroo to pause integration

Credit: REUTERS/CHARLES PLATIAU

Britain's competition watchdog served Amazon and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in the online food delivery company.

July 5 (Reuters) - Britain's competition watchdog served Amazon AMZN.O and Deliveroo an initial enforcement order in a bid to pause the e-commerce giant's stake purchase in the online food delivery company.

Amazon bought a stake in Deliveroo in May, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.

An initial enforcement order is put in place to prevent the businesses from integrating after a possible merger, while the watchdog decides if it needs to launch an investigation.

(Reporting by Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty)

((noor.hussain@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +91 80 6749 2764; Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net))

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