The UK Competitors and Markets Authority (CMA) Tuesday announced the launch of its investigation into Amazon.com, Inc.’s $1.7 billion acquisition of iRobot Company, which is understood for its Roomba robotic vacuum cleaners. The CMA’s findings will enable it to find out whether or not Amazon’s acquisition of iRobot will scale back market competitors throughout the UK.
The CMA should resolve whether or not this Part 1 investigation shall be escalated to a Part 2 investigation by June 16, 2023. Nevertheless, this present deadline “might change in the course of the merger evaluation course of.”
Amazon announced its acquisition of iRobot on August 5, 2022. In September 2022, the US Federal Commerce Fee (FTC) requested further data and paperwork from Amazon and iRobot with a view to assessment the merger settlement. The FTC is allegedly deciding whether or not to problem Amazon’s acquisition of iRobot.
Amazon’s announcement of its meant acquisition of iRobot confronted public scrutiny resulting from issues over this merger increasing Amazon’s monopoly and “the corporate’s attain additional into individuals’s lives[.]” Amazon has additionally confronted issues concerning prospects’ well being information privateness and healthcare accessibility associated to its acquisition of One Medical, which was introduced in July 2022 and accomplished in February 2023.
The submit UK regulator launches investigation into Amazon’s $1.7B acquisition of iRobot appeared first on JURIST – News.
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