- ALSO READ
Roomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks
Delta Air Lines posts $695 million profit in Q3, sees busy holiday season
China's daily Covid-19 cases hit record high at 32,695; curbs tightened
Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22
Supreme Court to hear Amazon's appeal against NCLAT order on October 11
-
The European Union is set to investigate Amazon.com’s $1.7 billion purchase of iRobot Corp, the Financial Times reported on Wednesday.
EU regulators have sent the e-commerce giant a series of detailed questions over the proposed transaction, indicating that they are gearing up for a formal probe, the report said.
The antitrust watchdogs are likely to launch a formal probe over how iRobot’s autonomous vacuum cleaner Roomba operates, particularly its ability to take pictures as it moves around a home, the report added.
The potential move will follow the US Federal Trade Commission’s scrutiny of the deal over whether the transaction would increase Amazo’s market power.
EU’s executive arm, the European Commission, did not immediately respond to Reuters requests for comment, while iRobot declined to comment.
“We’re working cooperatively with the relevant regulators in their review of the merger,” an Amazon spokesperson told Reuters.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Thu, February 16 2023. 00:32 IST
RECOMMENDED FOR YOU