for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Amazon tells UK regulator Deliveroo investment will help consumers

LONDON, July 5 (Reuters) - Amazon’s investment in British online food delivery group Deliveroo would be positive for consumers, Amazon said on Friday after Britain’s competition regulator said it was considering a formal probe of the transaction.

“We believe this minority investment will enable Deliveroo to expand its services, benefiting consumers through increased choice and creating new jobs as more restaurants gain access to the service,” Amazon said in a statement.

Earlier on Friday, the UK Competition and Markets Authority said it had served both companies with an initial enforcement order.

Amazon led a $575-million fundraising in Deliveroo in May, pitting itself against Uber Eats in the global race to dominate the market for takeaway meal deliveries. (Reporting by James Davey Editing by William Schomberg)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up