HT TECH wants to start sending you push notifications. Click allow to subscribe

Amazon fined by UK regulator over tardy documents release in Deliveroo probe

CMA finally cleared Amazon's stake purchase in August - 16 months after the company led a $575 million fundraising in Deliveroo.

By: REUTERS
Updated on: Aug 20 2022, 22:50 IST
The regulator said 189 documents, which included a significant amount of information relevant to its Phase 2 Amazon/Deliveroo merger probe, were not produced until after the initial deadline. (Bloomberg)

Britain's competition regulator on Monday fined Amazon 55,000 pounds ($72,364) after the US online giant delayed an investigation into its purchase of a 16% stake in food platform Deliveroo by failing to provide documents on time.

The Competition and Markets Authority (CMA) finally cleared Amazon's stake purchase in August - 16 months after the company led a $575 million fundraising in Deliveroo.

You may be interested in

Mobiles Tablets Laptops

The regulator said 189 documents, which included a significant amount of information relevant to its Phase 2 Amazon/Deliveroo merger probe, were not produced until after the initial deadline.

"Although Amazon did ultimately provide all of the information required, the CMA considers that Amazon's behaviour caused unnecessary delays to the CMA's investigation," it added.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 08 Sep, 03:00 IST
Tags:
NEXT ARTICLE BEGINS