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2021-11-29
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Amazon asks India antitrust body to revoke Reliance-Future deal approval
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon asks India antitrust body to revoke Reliance-Future deal approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-29 09:45 GMT+8 <a 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","BK4084":"特种房地产投资信托","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4548":"巴美列捷福持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","CCI":"冠城","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4538":"云计算","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓"},"source_url":"https://finance.yahoo.com/news/rpt-amazon-asks-india-antitrust-013005824.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2187303324","content_text":"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\", violating an order suspending the deal, a letter seen by Reuters 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 injunction against the deal from a Singapore arbitrator last year, alleging Future had violated contracts that prevented it from selling the assets to entities including Reliance.\nBut the CCI later cleared the deal.\nFuture misled the CCI and continued to seek approval for the deal, Amazon said in the letter dated Wednesday, calling the injunction a \"brazen attempt to subvert the rule of law\".\nAmazon asked for a personal hearing from the CCI to make its case.\nThe letter comes as Amazon is also battling allegations that it misrepresented facts and concealed information while seeking antitrust clearance for a 2019 deal with Future Group.\nAmazon has so far successfully used this deal's contracts to block Future's deal with Reliance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/600678267"}
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