CMA reviews Just Eat and Takeaway.com merger The CMA has announced plans this morning to probe Takaway.com's £6.2bn takeover of Just Eat. According to reports, this development will only delay the merger by one week. Read more.

TikTok makes progress on music streaming service Resso The video app, which is building a music service to compete with the likes of Spotify and Apple Music, has signed a deal with the global agency Merlin. The deal will see Merlin's library of music content become available on the TikTok and Resso platforms. Read more.

Asos bucks retail trend with 20% Christmas revenue growth The online fashion retailer has reported a 20% spike in sales for the final four months of 2019. Total sales hit £1.1bn, up from £895m in 2018, driven by growth in all locations and categories. Read more.

Amazon Music hits 55 million customers but still lags behind competitors The ecommerce giant has reported that its streaming service has surpassed 55 million customers. Despite this milestone, Amazon Music is still being outrun by Spotify and Apple Music, which have 248 million and 60 million users respectively. Read more.

China’s Tencent grows gaming empire The Chinese tech behemoth has acquired the Norwegian gaming platform Funcom, in a move to cement its position as one the world's biggest video and online gaming businesses. The deal will value the Oslo-based company at $148m. Read more.

African fintech firm raises $35m and partners with Worldpay Flutterwave has raised $35m in a Series B funding round and announced a partnership with Worldpay for payments in Africa. The company also announced plans to broaden its offering to include travel, education, gaming and ecommerce. Read more.