financetom
Business
financetom
/
Business
/
US lawmaker probes FTC work with EU to block Amazon iRobot merger
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US lawmaker probes FTC work with EU to block Amazon iRobot merger
May 1, 2024 11:52 AM

WASHINGTON, May 1 (Reuters) - The chair of the House

Oversight Committee said Wednesday he is investigating the

Federal Trade Commission's (FTC) work with the European

Commission in the collapse of Amazon.com's ( AMZN ) plan to

acquire iRobot Corp ( IRBT ) in a $1.4 billion deal.

Amazon ( AMZN ) and robot vacuum maker iRobot in January dropped

their plans to tie-up in the face of opposition from European

and U.S. antitrust regulators.

"The FTC's anticompetitive actions threaten to harm

America's global position in the personal robotics market, while

ceding market share of personal robotics to foreign entities

such as China," Republican Representative James Comer said in a

letter to the FTC asking for documents shared by the FTC with

the European Commission

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Workday Insider Sold Shares Worth $17,554,502, According to a Recent SEC Filing
Workday Insider Sold Shares Worth $17,554,502, According to a Recent SEC Filing
Mar 26, 2025
05:02 PM EDT, 03/26/2025 (MT Newswires) -- David A Duffield, 10% Owner, on March 24, 2025, sold 70,144 shares in Workday (WDAY) for $17,554,502. Following the Form 4 filing with the SEC, Duffield has control over a total of 147,997 Class A common shares of the company, with 102,997 shares held directly and 45,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1327811/000132781125000068/xslF345X05/wk-form4_1743022711.xml ...
US FDA greenlights first ever treatment for rare metabolic disorder
US FDA greenlights first ever treatment for rare metabolic disorder
Mar 26, 2025
March 26 (Reuters) - The U.S. Food and Drug Administration approved Soleno Therapeutics' ( SLNO ) drug to treat a rare genetic disorder on Wednesday, making it the first treatment available for patients who experience feelings of intense and persistent hunger. ...
Carlyle Secured Lending Shareholders Approve Merger With Carlyle Secured Lending III
Carlyle Secured Lending Shareholders Approve Merger With Carlyle Secured Lending III
Mar 26, 2025
05:06 PM EDT, 03/26/2025 (MT Newswires) -- Carlyle Secured Lending ( CGBD ) said its shareholders approved the merger with Carlyle Secured Lending III. At a special meeting, 96% of voting shareholders supported issuing common stock for the merger, which is expected to be finalized Thursday, the company said Wednesday in a statement. ...
VICI Properties Prices $1.3 Billion Debt Offering
VICI Properties Prices $1.3 Billion Debt Offering
Mar 26, 2025
05:01 PM EDT, 03/26/2025 (MT Newswires) -- VICI Properties ( VICI ) said Wednesday its unit priced a $1.3 billion public offering of senior unsecured notes. The offering includes $400 million of 4.75% senior unsecured notes due 2028 and $900 million of 5.625% senior unsecured notes due 2035, the company said. VICI said it expects to close the offering on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved