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Amazon faces UK antitrust decision to buy Deliveroo stake

Bloomberg Amazon.com Inc’s bid to buy into one of the UK’s most successful startups may get caught up in antitrust authorities’ fear that they made mistakes in the past. The Competition and Markets Authority (CMA) has until Wednesday to decide whether to continue a two-month-old probe that froze Amazon’s bid of around $500 million for a minority stake in food-delivery ...

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Berlin builders hit streets over rent freeze

Bloomberg Berlin’s effort to protect tenants from steep rent increases has antagonised other participants in the property industry. Three convoys of construction lorries, along with landlord representatives, converged on Berlin’s Brandenburg Gate to protest against a plan to freeze rents in the city for five years. Around 1,500 people registered to take part in the event involving an estimated 240 ...

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Sanofi to buy US biotech firm Synthorx for $2.5bn

Bloomberg French pharma giant Sanofi agreed to buy US biotech company Synthorx Inc for $2.5 billion, almost triple its market value, accelerating a push into cancer under new Chief Executive Officer Paul Hudson. Sanofi will pay $68 a share in cash for Synthorx, the companies said. Shares of the unprofitable San Diego-based company closed at $25.03, having surged 40%. The ...

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