The purchase of iRobot by Amazon is under investigation by British antitrust regulators, and the deal is receiving additional scrutiny due to its value of $1.7 billion.
The Competition and Markets Authority announced on Thursday that it is evaluating the potential impact of the deal on competition within the United Kingdom. As a first step, the regulatory body is soliciting feedback on the matter from all interested parties.
The acquisition is currently undergoing review by the Federal Trade Commission in the United States due to concerns over Amazon’s increasing market power. Consumer groups have expressed worries that the deal, announced last year, could strengthen the e-commerce giant’s hold on the smart home market.
Related: UK Probes Amazon & Microsoft Cloud Services
Amazon is cooperating with regulators during the merger review process.
iRobot, based in Bedford, Massachusetts, has stated that it is working together with various regulatory agencies, including the U.S. Federal Trade Commission, to review the merger between Amazon and iRobot.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI