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 $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…
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.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 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…
Amazon will acquire the maker of robot vacuum cleaner iRobot in an all-cash deal for about $1.7 billion (roughly Rs. 13,500), in the latest push by the world’s largest online retailer to add to its cart of smart home devices. The e-commerce company will pay $61 (roughly Rs. 4,800) per share, valuing iRobot…
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