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UK competition watchdog opens investigation into Uber acquisition of Autocab

UK competition watchdog opens investigation into Uber acquisition of Autocab

31.01.2021 | Sindhu Ajay | School of Law Christ U., IN JANUARY 31, 2021 10:01:29 AM | 596



The UK’s Competition and Markets Authority (CMA) on Friday launched an investigation into Uber’s acquisition of Autocab, a UK technology company that provides private hire and taxi operators with the necessary technology to run their businesses.

Uber first announced its intention to acquire Autocab in August last year. Jamie Heywood, Uber’s Regional General Manager for Northern and Eastern Europe, said:

Autocab has worked successfully with taxi and private hire operators around the world for more than thirty years and Uber has a lot to learn from their experience. We look forward to working with the Autocab team to help local operators grow and provide drivers with genuine earnings opportunities.

CMA issued notice under section 96(2A) of the Enterprise Act 2002, stating that the merger notice provided by Uber meets the requirements of section 96(2) of the Act. It is considering whether the acquisition may result in a “substantial lessening of competition within any market or markets in the UK for goods or services.”

CMA has invited public comments to assist with the assessment of the merger, and the last date to send in the comments is February 12. It is expected to announce its decision by March 26.

Source : https://www.jurist.org/news/2021/01/uk-competition-watchdog-opens-investigation-into-uber-acquisition-of-autocab/

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