Amazon's iRobot deal in EU antitrust crosshairs

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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...

Full story at Reuters | 

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