London, April 18 (TIWN) The UKs Competition and Markets Authority (CMA) has provisionally allowed Amazon to invest in food delivery startup Deliveroo as the new coronavirus pandemic is having a significant negative impact on Deliveroos business.

The UK’s primary competition and consumer authority was initially concerned that the deal could damage competition by discouraging Amazon from re-entering the online restaurant food market and further developing its presence within the online convenience grocery delivery market in the UK.

“The CMA has continued to investigate these concerns during its in-depth, Phase 2, investigation. However, in recent weeks, it has become clear that the coronavirus pandemic is having a significant negative impact on Deliveroo’s business,” the regulator said in a statement on Friday.