Amazon's stake in Deliveroo may require 'in-depth investigation,' UK competition watchdog warns

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Amazon's stake in Deliveroo may require 'in-depth investigation,' UK competition watchdog warns
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The U.S. tech giant led a $575 million funding round for Deliveroo earlier this year.

The U.S. tech giant led a $575 million funding round for the London-based start-up earlier this year. While the exact value of Amazon's stake hasn't been disclosed, reports have said the company invested $500 million into Deliveroo as part of the deal.

"If the deal were to proceed in its current form, there's a real risk that it could leave customers, restaurants and grocers facing higher prices and lower quality services as these markets develop," Andrea Domes da Silva, executive director of the CMA, said in a statement.

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