Amazon asks India antitrust body to revoke Reliance-Future deal approval

Reuters2021-11-29

NEW DELHI, Nov 28 (Reuters) - Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained"...

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href=https://finance.yahoo.com/news/rpt-amazon-asks-india-antitrust-013005824.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW DELHI, Nov 28 (Reuters) - Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was \"illegally obtained\"...</p>\n\n<a href=\"https://finance.yahoo.com/news/rpt-amazon-asks-india-antitrust-013005824.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://finance.yahoo.com/news/rpt-amazon-asks-india-antitrust-013005824.html","article_id":"2187303324","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2187303324","pubTimestamp":1638150305,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW DELHI, Nov 28 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shows.\nThe approval for the deal was a \"nullity in the eyes of law\" as an arbitrator's order was still in force, according to the letter sent by Amazon.com Inc to the Competition Commission of India (CCI) last week.\nThe battle between two of the world's richest men, Amazon founder Jeff Bezos and Reliance Industries Ltd boss Mukesh Ambani, marks a contest for preeminence in India’s booming, nearly trillion-dollar retail market.\nThe winner in the fight for Future Retail Ltd, India’s second-largest retailer and Amazon’s estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.\nThe CCI, Amazon, Future Group and Reliance did not respond to requests for comment.\nFuture has said the arbitrator's suspension order was invalid but Indian courts have declined to overturn it.\nIf the regulator agrees with the previously unreported letter, it would be a major setback for oil-to-telecom conglomerate Reliance.\nAmazon won an 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