EU may block Amazon's acquisition of Roomba robot vacuum manufacturer
EU may block Amazon's acquisition of Roomba robot vacuum manufacturer
The European Union (EU) antitrust regulator is set to block Amazon's $1.4 billion acquisition of iRobot, the manufacturer Roomba vacuum cleaner, as the e-commerce giant declined to offer remedies to address European Commission's concerns. The regulator's main concerns were that Amazon may thwart iRobot rivals on its online marketplace, especially in France, Germany, Italy, and Spain. This potential rejection would mark the second instance in recent weeks of a technology deal facing regulatory obstacles. Amazon had already reduced its offer due to iRobot's increased debt.
The European Union (EU) antitrust regulator is set to block Amazon's $1.4 billion acquisition of iRobot, the manufacturer Roomba vacuum cleaner, as the e-commerce giant declined to offer remedies to address European Commission's concerns. The regulator's main concerns were that Amazon may thwart iRobot rivals on its online marketplace, especially in France, Germany, Italy, and Spain. This potential rejection would mark the second instance in recent weeks of a technology deal facing regulatory obstacles. Amazon had already reduced its offer due to iRobot's increased debt.
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The European Union (EU) antitrust regulator is set to block Amazon's $1.4 billion acquisition of iRobot, the manufacturer Roomba vacuum cleaner, as the e-commerce giant declined to offer remedies to address European Commission's concerns. The regulator's main concerns were that Amazon may thwart iRobot rivals on its online marketplace, especially in France, Germany, Italy, and Spain. This potential rejection would mark the second instance in recent weeks of a technology deal facing regulatory obstacles. Amazon had already reduced its offer due to iRobot's increased debt. 
