Amazon Acquisition Irobot New Challenges Eu Antitrust Regulators Amazon

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Amazon’s Acquisition of iRobot Faces New Challenges From EU Antitrust Regulators

ByNews Polite July 6, 2023

Amazon‘s $1.7 billion (nearly Rs. 14,100 crore) acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators warned on Thursday. The European Commission opened a full-scale investigation and will decide by November 15 whether to clear or block the…

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