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

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

ByNews Polite

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…

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

Amazon’s Acquisition of iRobot Faces EU Antitrust Investigation, Sources Say

ByNews Polite

Amazon’s $1.7 billion (roughly Rs. 13,500 crore) acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the US online retail giant won UK approval for the deal. Amazon announced the takeover in August last year to expand its…

Amazon Gets UK CMA Clearance for .7 Billion Roomba-Maker iRobot Acquisition

Amazon Gets UK CMA Clearance for $1.7 Billion Roomba-Maker iRobot Acquisition

ByNews Polite

Britain’s competition regulator on Friday cleared Amazon’s planned $1.7 billion (roughly Rs. 13,900 crore) acquisition of iRobot, maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. “We’re pleased with the UK Competition and…

Amazon Acquires One Medical at .5 Billion After FTC’s Approval; Announces to Cut Subscription Fee

Amazon Acquires One Medical at $3.5 Billion After FTC’s Approval; Announces to Cut Subscription Fee

ByNews Polite

Amazon.com said on Wednesday it had completed its $3.5 billion (nearly Rs. 29,000 crore) takeover of primary care provider One Medical, a day after a US Federal Trade Commission (FTC) official announced that the agency would not challenge the deal. The acquisition, announced last July, gives the online retailer a virtual health…

Amazon’s .7 Billion Takeover of iRobot Under Antitrust Review by US FTC: Report

Amazon’s $1.7 Billion Takeover of iRobot Under Antitrust Review by US FTC: Report

ByNews Polite

Amazon announced earlier this month that it will acquire the makers of Roomba vacuum cleaners iRobot in a deal worth $1.7 billion (roughly Rs. 13,500 crore). It is now being reported that this deal is being reviewed by the US Federal Trade Commission (FTC) for violating antitrust laws. Both companies…