FTC critiques iRobot deal
The Canadian Press – Sep 21, 2022 / 6:29 am | Story: 386213
Picture: The Canadian Press
The Federal Commerce Fee is investigating Amazon’s $1.7 billion acquisition of iRobot, the most recent deal that’s below scrutiny by the regulators amid rising issues in regards to the firm’s market energy.
In a regulatory submitting Tuesday, iRobot stated each it and Amazon obtained a request for added info in reference to an FTC evaluate of the merger. Earlier this month, securities regulators made an analogous request to Amazon and One Medical, the first well being care firm the e-commerce large is planning to purchase for $3.9 billion.
Each Amazon and iRobot stated they might cooperate with the FTC’s evaluate, which delays the completion of a deal. Following an investigation, the company can problem a merger in court docket, search treatments or do nothing, which permits the deal to shut. The company says it retains the best to problem a deal even after it closed.
Shortly after the deal was introduced in early August, teams calling for stricter antitrust rules known as on the FTC to dam the merger, arguing it furthered Amazon’s dominance within the good dwelling market.
Privateness advocates have additionally voiced issues the Seattle firm will suck up extra info on customers from Roombas, iRobot’s standard vacuum cleaners that may keep in mind a house’s flooring plans. They are saying that function makes it extra potential for Amazon to focus on customers with advertisements. Amazon has stated it received’t do this.
iRobot and Amazon each declined to remark.