LONDON — Britain’s competition regulator said on Friday that it had begun an investigation into an $575 million investment led by Amazon in the London-based food-delivery service Deliveroo, the latest effort by a government to potentially check the reach of a technology giant. In an order, the country’s Competition and Markets Authority said it had reasonable grounds to suspect that Amazon and Deliveroo had “ceased to be distinct” businesses or that they would essentially merge if the investment were to go through. Work on the investment was ordered to halt pending the regulator’s inquiry into whether it posed competition concerns. The order is the latest is a series of moves by governments worldwide to potentially curb the power of technology titans.

Source: International New York Times July 05, 2019 12:11 UTC