Wednesday, October 7, 2020
Reliance-Future Group deal: Amazon sends legal notice
Amazon said it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries. Amazon's investment in Future Group came with contractual rights that include a right of first refusal and a non-compete-like pact, a source told ET Now. https://ift.tt/3d5B31m
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The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it "briefed Ofcom about this feature on a number of occasions" (Reuters)
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