Amazon offers loan to Deliveroo amid UK probe - Bloomberg
(Reuters) - E-commerce giant Amazon.com Inc has offered a loan to food-delivery group Deliveroo as a UK probe into the start-up's last funding round unveiled threat of a cash crunch, Bloomberg reported on Tuesday. While the size of the loan is unclear, Deliveroo has significant funds to continue operating, the report said, citing people familiar with the matter.
(Reuters) - E-commerce giant Amazon.com Inc
While the size of the loan is unclear, Deliveroo has significant funds to continue operating, the report said, citing people familiar with the matter.
Deliveroo declined to comment and Amazon did not immediately respond to a Reuters' request for comment.
Britain's Competition and Markets Authority (CMA) said on Dec. 27 it was launching an in-depth investigation into Amazon's purchase of stake in Deliveroo after the companies failed to assuage its initial concerns.
(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Amy Caren Daniel)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
By Tuvan Gumrukcu and Renee Maltezou ANKARA/ATHENS (Reuters) - Turkey and Greece will resume long-suspended exploratory talks over territorial claims in the Mediterranean Sea that brought them close to conflict last year, on Jan.
By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) - The U.S. House of Representatives expects to begin considering a second impeachment of Donald Trump on Wednesday, a top Democrat said on Monday after the president was formally accused of inciting insurrection ahead of last week's storming of the Capitol
By Jonathan Landay and Idrees Ali WASHINGTON (Reuters) - The U.S. military has not halted a U.S