Key Points
BRUSSELS, July 6 (Reuters) - Amazon's (AMZN.O) $1.7 billion acquisition of robot vacuum cleaner maker iRobot (IRBT.O) may reduce competition and strengthen Amazon's position as online marketplace provider, EU antitrust regulators warned on Thursday...
"We continue to work through the process with the European Commission and are focused on addressing its questions and any identified concerns at this stage," an Amazon spokesperson told Reuters...
The acquisition announced in August last year would add iRobot's Roomba robot vacuum to Amazon's portfolio of smart devices, which include the Alexa voice assistant, smart thermostats, security devices and wall-mounted smart displays...
"The Commission is concerned that the transaction would allow Amazon to restrict competition in the market for robot vacuum cleaners and to strengthen its position as online marketplace provider, " the EU executive said...
You might be interested in
UK clears Amazon’s $1.7 billion deal for Roomba-maker iRobot
18, Jun, 23Britain’s competition regulator cleared Amazon’s planned $1.7 billion acquisition of Roomba maker iRobot.
Adobe to defend Figma deal at December 8 EU hearing, sources say
29, Nov, 23International Business News: Adobe will aim to counter EU antitrust charges that its proposed $20 billion acquisition of cloud-based designer platform Figma hurts competition at a