...
...
Next Story

Amazon faces UK antitrust probe over $1.7 billion iRobot acquisition

The acquisition is already facing a review in the U.S. by the Federal Trade Commission amid worries about Amazon's growing market power.

Published on: Apr 06, 2023 04:41 PM IST
Advertisement

British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal.

Amazon said it’s “working cooperatively with the relevant regulators in their review of the merger.” (AP)
Amazon said it’s “working cooperatively with the relevant regulators in their review of the merger.” (AP)

Also Read | Amazon lays off 100 employees across its video games unit: Report

The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a “substantial lessening of competition” within the United Kingdom. In an initial step, the U.K. watchdog invited comments on the deal from “any interested party.”

Also Read | ‘You will be missed’: Amazon CEO Andy Jassy to staff as 27,000 workers fired in 3 months

The acquisition is already facing a review in the U.S. by the Federal Trade Commission amid worries about Amazon's growing market power. Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant's dominance in the smart home market.

Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it “continues to work cooperatively with both the U.S. FTC and other regulatory agencies in their review of the Amazon-iRobot merger.”

 
SHARE THIS ARTICLE ON