European Commission lawyers initially opposed sending a warning to Amazon over its $1.4 billion acquisition of robot vacuum maker iRobot, three people with direct knowledge of the matter said on Wednesday. The Commission's legal service did not think a statement of objections regarding the deal was warranted, in contrast with antitrust officials handling the case, the people said. Without such a charge sheet, the deal would have been cleared unconditionally.
European regulators said Monday that Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition. The European Commission, the European Union’s executive arm and top antitrust enforcer, said it has informed Amazon of its “preliminary view” regarding the deal following an investigation that began in July. The news raised investors' concerns about the acquisition, sending shares in Bedford, Massachusetts-based iRobot Corp., most famous for the circular-shaped Roomba vacuum, down more than 17% Monday.
(Bloomberg) -- Amazon.com Inc.’s $1.4 billion deal for Roomba maker iRobot Corp. risks being derailed unless the firms fix a list of competition concerns highlighted by the European Union’s antitrust arm. Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresSingapore High Court Grants Injunction Against PM Lee’s BrotherRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorIsrael, Hamas Extend G