trending Market Intelligence /marketintelligence/en/news-insights/trending/e9RalW7k4_QMUFvYg-FtKg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Amazon denies lending money to Deliveroo amid investment probe

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Amazon denies lending money to Deliveroo amid investment probe Inc. has denied lending money to Roofoods Ltd., which operates as Deliveroo, amid an ongoing probe into the e-commerce company's $575 million investment in the U.K.-based food delivery startup, Bloomberg News reported Jan. 14, citing the company.

The statement was in response to an earlier publication of the Bloomberg report, which said Amazon offered Deliveroo a loan to prevent the startup from running low on capital. The news outlet, citing people familiar with the matter, reported that Deliveroo is at risk of facing a cash crunch after the U.K.'s Competition and Markets Authority, or CMA, launched an investigation into the company's last funding round.

Amazon reportedly told Bloomberg in a statement that it continues to comply with the initial enforcement order from the CMA, which prohibits the companies from "entering into non-ordinary course agreements like a loan."

Deliveroo declined to comment, the news outlet said.

The CMA is expected to release its ruling on the probe by June 11.