EU Raises Concerns Over Amazon's $1.7 Billion iRobot Acquisition

The European Union has sent a statement of objections to Amazon regarding its proposed $1.7 billion acquisition of iRobot, citing concerns about potential competition restrictions in the robot vacuum cleaner market. The European Commission believes that Amazon may have the ability and incentive to hinder iRobot's rivals by delisting their products or reducing their visibility on the Amazon marketplace. Amazon can respond to the objections and request an oral hearing, with a final decision expected by February 14th, 2024.