The European Commission says Amazon's $1.4B iRobot acquisition may restrict competition; Amazon says it's working to address the EC's concerns; IRBT drops 18%+ (Foo Yun Chee/Reuters)

November 27, 2023

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Foo Yun Chee / Reuters:

The European Commission says Amazon’s $1.4B iRobot acquisition may restrict competition; Amazon says it’s working to address the EC’s concerns; IRBT drops 18%+ — EU antitrust regulators said on Monday Amazon’s (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O) …

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