European Commission Says Amazon Deal for iRobot May Restrict Competition
November 27 2023 - 12:43PM
Dow Jones News
By Ben Glickman
The European Commission said that Amazon's proposed deal to buy
iRobot may limit competition in the robot vacuum cleaner
market.
Regulators said Monday that they had informed Amazon of the
commission's preliminary view following an investigation of the
proposed acquisition.
The EC said that the deal may restrict competition in the making
of robot vacuum cleaners and could allow Amazon to fortify its
position as an online marketplace services provider.
The commission said Amazon may have the "ability and the
incentive" to foreclose iRobot's rivals by preventing them from
selling on Amazon's platform.
The acquisition by Amazon, announced in August 2022, was cleared
by U.K. regulators in June, but faces an ongoing investigation by
the U.S. Federal Trade Commission.
The EC has until Feb. 14 to make a final decision on the
deal.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 27, 2023 13:28 ET (18:28 GMT)
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