trending Market Intelligence /marketintelligence/en/news-insights/trending/e9RalW7k4_QMUFvYg-FtKg2 content esgSubNav
In This List

Amazon denies lending money to Deliveroo amid investment probe


Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share


Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

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.