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HomeEconomyAmazon to win unconditional EU nod for iRobot deal 

Amazon to win unconditional EU nod for iRobot deal 

EconomyTechnology

Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their dominance into new markets.  

Market Impact

The deal announced in August would add iRobot’s Roomba robot vacuum to U.S. online retail giant Amazon’s portfolio of smart devices, includes the Alexa voice assistant, smart thermostats, security devices and wall-mounted smart displays. 

Article Tags

Topics of Interest: EconomyTechnology

Type: Reuters Best

Sectors: Economy & PolicyTechnology

Regions: Europe

Countries: Belgium

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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