Britain’s competition regulator on Monday fined Amazon $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.
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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.
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 behavior caused unnecessary delays to the CMA’s investigation,” it added.
Recently, a group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the US company favors some retailers whose online discounts drive independent vendors out of business, a legal filing saw by Reuters showed.
The case presents a new regulatory challenge for Amazon in India, where it has committed $6.5 billion in investment but is battling a complex regulatory environment.
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