NEW YORK -- The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot, the latest deal that’s under scrutiny by the regulators amid growing concerns about the company’s market power. In a regulatory filing Tuesday, iRobot said both it and Amazon received a request for additional information in connection with an FTC review of the merger. Earlier this month, securities regulators made a similar request to Amazon and One Medical, the primary health care company the e-commerce giant is planning to buy for $3.9 billion. Both Amazon and iRobot said they would cooperate with the FTC’s review, which delays the completion of a deal. Following an investigation, the agency can challenge a merger in court, seek remedies or do nothing, which allows the deal to close.

Source: ABC News September 20, 2022 21:12 UTC