Amazon’s iRobot purchase sucks up formal competition concerns in EU
https://techcrunch.com/2023/11/27/eu-amazon-irobot-statement-of-objections/
European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot.
The step does not confirm the EU will seek to block the deal but it shows antitrust regulators do remain concerned. It could therefore push Amazon to offer remedies to EU authorities to settle the investigation and avoid the risk of the acquisition being blocked.
Amazon’s iRobot purchase sucks up formal competition concerns in EU
Tue Nov 28, 12:36am UTC
https://techcrunch.com/2023/11/27/eu-amazon-irobot-statement-of-objections/
> European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot.
> The step does not confirm the EU will seek to block the deal but it shows antitrust regulators do remain concerned. It could therefore push Amazon to offer remedies to EU authorities to settle the investigation and avoid the risk of the acquisition being blocked.