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federal commerce fee: FTC seeks extra knowledge on Amazon’s $1.7-billion deal for vacuum maker iRobot

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federal commerce fee: FTC seeks extra knowledge on Amazon’s $1.7-billion deal for vacuum maker iRobot

2022-09-20 16:04:32

The US Federal Commerce Fee (FTC) has requested Amazon and iRobot Corp for extra data on the ecommerce large’s $1.7-billion buyout of the Roomba vacuum maker.
In a submitting on Tuesday, iRobot mentioned the FTC had on September 19 requested extra particulars on the deal that was introduced final month and would increase Amazon’s steady of good house gadgets.

A bunch of about 20 pro-privacy and employee organizations have urged US antitrust enforcers to cease the deal, citing considerations about privateness and Amazon’s already highly effective place within the good house gadgets market.

The FTC probe started earlier this month and covers each head-to-head competitors and whether or not the deal would illegally enhance the e-commerce firm’s market share within the related machine market in addition to the general retail market, based on a report from Politico.

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