South Asia and Beyond

Competition Commission Suspends Amazon’s 2019 Deal

India’s Competition Commission has suspended Amazon’s 2019 deal with the Future Group on the grounds that it had made false and incorrect statements and suppressed information about the actual scope of the deal. This is unprecedented and could impact Amazon’s legal battle with its estranged partner Future. Amazon has used its 2019 deal to block Future’s attempt to sell its retail assets to Reliance for over $3 billion.

Nitin A Gokhale WhatsApp Channel