The Competition and Markets Authority didn’t properly consider other possible lifelines for food-delivery service Deliveroo, they contend
London — The UK’s reliance on the devastating effect of the Covid-19 pandemic to approve Amazon investment in Deliveroo has come under scrutiny from rivals, who called for the merger regulator to reverse itself.
The CMA, which has until later this month to issue its final assessment, had said that Deliveroo risked going out of business as restaurants shut amid the outbreak. The CMA said last month that it was prepared to approve the minority investment by the US company after finding that the possible exit of Deliveroo would be worse for competition than allowing the deal to proceed. It’s an argument that even the CMA itself has said recently is a difficult one to make.
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