Amazon Gets UK CMA Clearance for $1.7 Billion Roomba-Maker iRobot Acquisition

Amazon Gets UK CMA Clearance for $1.7 Billion Roomba-Maker iRobot Acquisition
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Britain’s competitors regulator on Friday cleared Amazon’s deliberate $1.7 billion (roughly Rs. 13,900 crore) acquisition of iRobot, maker of the Roomba vacuum cleaner.

The Competitors and Markets Authority (CMA) mentioned it had concluded that the deal wouldn’t result in competitors issues within the UK.

“We’re happy with the UK Competitors and Markets Authority’s determination and are dedicated to supporting regulatory our bodies of their work,” a spokesperson for Amazon mentioned.

“We look ahead to comparable choices from different regulators quickly.”

In the meantime, iRobot didn’t instantly reply to a Reuters request for remark.

In April, the CMA had launched a “Part 1” probe into the deal which was introduced in August final 12 months as Amazon sought to broaden its secure of smart-home units, which embrace the Alexa voice assistant, good thermostats, safety units, wall mounted good shows and a canine-like robotic referred to as Astro.

Regulators on either side of the Atlantic are cautious of Massive Tech buying smaller rivals, particularly these with entry to giant volumes of consumer information, and have a tendency to demand cures in return for approving such offers.

EU antitrust regulators will determine by July 6 whether or not to clear the deal, whereas the US Federal Commerce Fee can be analyzing the acquisition.

© Thomson Reuters 2023

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