Last Update: September 03, 2022, 12:32 IST
Amazon offered to acquire robot vacuum brand
The US Federal Trade Commission has begun a review of Amazon.com’s $1.7 billion acquisition of robot vacuum maker iRobot Corp to decide whether the deal violates antitrust law, Politico told people familiar with the matter on Friday. Referring to.
(Reuters) – The US Federal Trade Commission has begun a review of Amazon.com’s $1.7 billion acquisition of robot vacuum maker iRobot Corp to decide whether the deal violates antitrust law, Politico said on Friday. Quoting people familiar with the matter, said.
The US anti-trust body’s iRobot review is comprehensive and will include face-to-face competition and whether the deal will boost Amazon’s market share in both the illegally connected device market and the retail market, the report said. (https://politi.co/3emgp1t)
Amazon declined to comment, while iRobot and the FTC did not immediately respond to a Reuters request for comment.
The e-commerce giant has steadily expanded its device lineup with more speakers showcasing its Alexa voice assistant, and home security doorbells and cameras from Ring, which it acquired in 2018.
Amazon in August announced its all-cash deal to acquire iRobot, maker of the robotic vacuum cleaner Roomba, for $61 per share.
The world’s largest online retailer is pushing to expand its smart home devices as well as expand the e-commerce giant’s virtual healthcare and add brick-and-mortar doctors’ offices for the first time.
The online retailer had in July agreed to buy primary care provider One Medical.
One Medical said Friday that the US anti-trust body had sought more information from the company and Amazon about the online retailer’s $3.49 billion acquisition of a primary care provider.
read all latest tech news And today’s fresh news Here