Support 100 years of independent journalism.

  1. Science & Tech
  2. Coronavirus
17 April 2020updated 06 Oct 2020 9:45am

Competition watchdog approves Amazon’s £460m life-raft for Deliveroo

By Oscar Williams

The Competition and Markets Authority (CMA) has given Amazon the greenlight to invest £460m in Deliveroo after the food delivery service warned it would go bust without the funding.

The CMA had initially feared the deal would “damage competition by discouraging Amazon from re-entering the online restaurant food market and further developing its presence within the online […] grocery delivery market”.

But Deliveroo’s executives warned the regulator that without the minority investment from the US e-commerce giant, its business would collapse. The coronavirus outbreak has dealt a heavy blow to its business model, with a significant number of Deliveroo’s partner restaurants having been forced to close since lockdown came into effect last month.

Read the full article on NS Tech now

Select and enter your email address Quick and essential guide to domestic and global politics from the New Statesman's politics team. A weekly newsletter helping you fit together the pieces of the global economic slowdown. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
THANK YOU

Content from our partners
How industry is key for net zero
How to ensure net zero brings good growth and green jobs
Flooding is a major risk for our homes