PHOTO: REUTERS/FILEThe US Federal Trade Commission has begun a review of Amazon.com's $1.7 billion takeover of robot vacuum maker iRobot Corp to decide if the deal violates antitrust law, Politico reported on Friday, citing people familiar with the matter. The US anti-trust body’s iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally boost Amazon's market share in both the connected device market and the retail market in general, the report added. Amazon in August announced its all-cash deal of $61 per share to acquire iRobot, maker of the robotic vacuum cleaner Roomba. The online retailer in July had agreed to buy primary care provider One Medical. One Medical on Friday said the US anti-trust body had sought more information from the company and Amazon about the primary care provider's $3.49 billion acquisition by the online retailer.

Source: The Express Tribune September 04, 2022 18:57 UTC