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

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.
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.

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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.

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"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.

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First Published Date: 08 Sep, 03:00 IST
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