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Amazon fined "whopping" $72,364
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Amazon fined "whopping" $72,364
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10th September 2020, 12:59
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Amazon fined "whopping" $72,364 Charged with delaying investigation into Deliveroo Britain’s competition regulator fined Amazon the grand sum of $72,364 after the US online giant delayed an investigation into its purchase of a 16 percent stake in food platform Deliveroo by failing to provide documents on time. 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. “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. Clearly the prospect of a $72,364 fine will deter the company from... https://fudzilla.com/news/51496-amaz...wopping-72-364 |
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