Focue Provides the Latest and Most Up-to-Date News, What You Focus On is What You Get.
⎯ 《 Focue • Com 》

Exclusive-EU to approve Amazon's iRobot deal without conditions - sources

2023-11-23 17:48
BRUSSELS European Union antitrust regulators are set to approve without conditions Amazon's $1.4 billion acquisition of robot vacuum
Exclusive-EU to approve Amazon's iRobot deal without conditions - sources

BRUSSELS European Union antitrust regulators are set to approve without conditions Amazon's $1.4 billion acquisition of robot vacuum maker iRobot, three people familiar with the matter said on Thursday.

The European Commission, which acts as the EU's competition watchdog, had in July warned Amazon that the deal may reduce competition in robot vacuum cleaners and also reinforce the U.S. company's dominant position as an online marketplace provider.

(Reporting by Foo Yun Chee; Editing by Mark Potter)