The merger watchdog is to approve Amazon’s plan to take a stake in takeaway company Deliveroo.
The Competition and Markets Authority said it will approve the deal, which officials revealed would see Amazon take a 16% stake in the takeaway platform.
It warned that it would reassess the deal if the US retailer increased its stake in the UK business.
Amazon led a £460 million fundraising in Deliveroo in May last year with what the two parties called “a minority investment”.
Having launched an investigation into the deal in December, the Competition and Markets Authority provisionally cleared the deal in April, saying Deliveroo could go out of business without Amazon’s investment.
A Deliveroo spokesperson said: "This minority investment is good news for UK customers and restaurants, and for the British economy. As we have argued for the past year, since the beginning of the CMA’s investigation, the minority investment will enable British born, British bred Deliveroo to compete against well-capitalised overseas rivals and continue to innovate for customers, riders and restaurants.
"As the British economy recovers from the damage caused by Covid 19, a stable regulatory environment is critical. We therefore urge the CMA to conclude their review as swiftly as possible."
