LONDON (UK) – Amazon was fined 55,000 pounds by the UK’s competition regulator on Monday after the firm delayed a probe into its purchase of a 16% stake in food platform Deliveroo by failing to submit documents on time.
Sixteen months after the firm led a $575 million fundraising in Deliveroo, the Competition and Markets Authority (CMA) finally sanctioned Amazon’s stake purchase in August.
According to the regulator, as many as 189 documents, which contained information about its Phase 2 Amazon/Deliveroo merger investigation, were not produced until after the initial deadline.
“Although Amazon did ultimately provide all of the information required, the CMA considers that Amazon’s behaviour caused unnecessary delays to the CMA’s investigation,” it added.
