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Amazon's $1.7 billion iRobot purchase faces UK antitrust scrutiny
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Amazon's $1.7 billion iRobot purchase faces UK antitrust scrutiny
Apr 6, 2023 7:44 AM

British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal.

The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a “substantial lessening of competition” within the United Kingdom. In an initial step, the UK watchdog invited comments on the deal from “any interested party.”

The acquisition is already facing a review in the US by the Federal Trade Commission amid worries about Amazon's growing market power. Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant's dominance in the smart home market.

Also Read: OpenAI to propose remedies to overturn Italian ban on ChatGPT

Amazon said it’s “working cooperatively with the relevant regulators in their review of the merger.”

Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it “continues to work cooperatively with both the US FTC and other regulatory agencies in their review of the Amazon-iRobot merger.”

Also Read: Meta releases AI model that identifies items within images

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