23 November 2023, 1:46 pm 1 minute
Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their dominance into new markets.
The deal announced in August would add iRobot’s Roomba robot vacuum to U.S. online retail giant Amazon’s portfolio of smart devices, includes the Alexa voice assistant, smart thermostats, security devices and wall-mounted smart displays.
Topics of Interest: EconomyTechnology
Type: Reuters Best
Sectors: Economy & PolicyTechnology
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story