Amazon fined by British antitrust regulator

$1.65trn US giant fined £55,000 for late provision of documents

The United Kingdom’s Competition and Markets Authority (CMA) has fined Amazon for failing to provide documents on time. The US giant has now delayed an investigation into its purchase of a 16 per cent stake in the food platform Deliveroo.

The UK competition body stated that 189 documents, which included a notable amount of important information relevant to Amazon's Phase 2 merger probe, were produced after the initial deadline given.

It added: “Although Amazon did ultimately provide all of the information required, the CMS considers that Amazon’s behaviour caused unnecessary delays to the CMA’s investigation.”

The antitrust regulator fined the company, with a $1.65trn market capitalisation, £55,000 ($71,000, €60,000) for the delay. As Amazon is estimated to make $10,000 per second, the punishment is not likely to sting.

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Despite the delay, the CMS cleared Amazon’s stake purchase last month, almost a year and a half since the company led a $575m fundraising round into Deliveroo.

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