Amazon’s $1.7 billion deal to buy iRobot is running into objections

European Union regulators have sent a statement of objections to Amazon about the company’s proposed $1.7 billion acquisition of Roomba maker iRobot. In a press release, the European Commission says that it “has informed Amazon of its preliminary view that its proposed acquisition of iRobot may restrict competition in the market for robot vacuum cleaners
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https://www.ft.com/content/344cfc58-2855-4d62-990f-31df1462255a

Amazon can engage with the regulator to address its concerns. The EU has a February 14 deadline to reach a final decision.

Amazon said it would “continue to work through the process with the European Commission and focused on addressing its questions and any identified concerns”.

iRobot shares fell almost 20 per cent

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