EU Regulators Likely to Block Amazon's iRobot Deal
TL;DR Summary
EU antitrust regulators are likely to block Amazon's proposed $1.4 billion acquisition of iRobot Corporation, citing concerns about unfair competition in the robot vacuum market. The deal, which would combine iRobot's Roomba vacuums with Amazon's e-commerce dominance, has also raised concerns with the FTC in the US. This move is part of a larger trend of regulators globally scrutinizing big tech mergers and acquisitions for potential antitrust violations.
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- iRobot shares tank 30% on report EU plans to block Amazon acquisition CNBC
- Amazon’s iRobot deal could be blocked by European Union TechCrunch
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