EU Antitrust Body To Rule On Amazon's iRobot Deal By February Next Year: Report
Portfolio Pulse from Shivani Kumaresan
The European Union's antitrust regulators will reportedly give their verdict on Amazon's $1.4 billion acquisition of iRobot by February 14 next year. The investigation was temporarily paused for a more comprehensive assessment of the information provided by Amazon. There are concerns over the potential implications of this acquisition on competition in the market of robotic vacuum cleaning devices. Amazon adjusted its offer for iRobot by approximately 15%, lowering the purchase price to about $1.42 billion due to iRobot accruing more debt.

October 30, 2023 | 4:26 pm
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NEUTRAL IMPACT
Amazon's acquisition of iRobot is under scrutiny by EU antitrust regulators, with a decision expected by February 14, 2022. The outcome could impact Amazon's expansion in the robotic vacuum cleaning market.
The pending decision by EU antitrust regulators on Amazon's acquisition of iRobot could impact Amazon's expansion plans in the robotic vacuum cleaning market. A negative decision could hinder Amazon's growth in this niche market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
iRobot's acquisition by Amazon is under review by EU antitrust regulators. The decision, expected by February 14, 2022, could impact iRobot's future under Amazon's ownership.
The pending decision by EU antitrust regulators on Amazon's acquisition of iRobot could impact iRobot's future under Amazon's ownership. A negative decision could affect iRobot's financial stability and market position.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100