Amazon's (AMZN) proposed $1.4 billion acquisition of iRobot Corporation (IRBT) is likely to be blocked by EU antitrust regulators, according to a Wall Street Journal report. iRobot is the maker of the popular Roomba autonomous home vacuums, while Amazon has its own brand of Alexa-enabled cleaning robots. Combining the Roomba maker with Amazon, which dominates e-commerce, raises red flags for regulators who are concerned about stifling consumer choices. Story continuesNow, in the US, as I mentioned earlier, the FTC has its own reported investigation into the iRobot deal, still investigating. But guys, this iRobot deal frustrating, probably for the company here.

Source: Wall Street Journal January 19, 2024 21:58 UTC