According to techcrunch.com, Amazon got approval from the competition authority to proceed with an investment leading a USD 575 million round for food delivery startup Deliveroo in the UK. Following closely after, two of Deliveroo’s biggest rivals, JustEat, and Takeaway, got their own GBP 6.2 billion merger approved, and they have subsequently picked up an extra USD 756 million, in the form of new shares and convertible bonds.
Companies stated that the placement is conditional on the two getting successfully admitted to trade as a merged company. They’ve made the application for this and it is expected to become effective on 27 April. However, The Competition and Markets Authority, meanwhile, noted that its decision was influenced by the fact that takeaway.com had not been active in the UK market.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.