Amazon’s $1.7 Billion Takeover of iRobot Under Antitrust Review by US FTC: Report

Amazon introduced earlier this month that it’s going to purchase Roomba vacuum cleaner makers iRobot in a deal value $1.7 billion (round Rs. 13,500 crore). It’s now reported that this deal is being reviewed by the US Federal Commerce Fee (FTC) for violation of antitrust legal guidelines. Each firms are making ready for a doubtlessly prolonged investigation. Amazon is already the topic of an in depth monopolization investigation by the FTC. Moreover, the antitrust watchdog is investigating whether or not the deal would illegally improve Amazon’s market share within the linked machine market and retail market.

Based on a report by Politico, Amazon’s takeover of Roomba vacuum cleaner maker iRobot is being investigated by the US FTC for violating the nation’s antitrust legal guidelines.

The antitrust watchdog is believed to be investigating whether or not the deal will give Amazon an unfair benefit within the linked machine market and the retail market.

The FTC is reportedly making an attempt to find out the influence of this deal on Amazon’s rising catalog of good gadgets like Ring safety cameras.

The antitrust watchdog wonders whether or not information generated from customers’ properties by iRobot’s Roomba vacuums may very well be used to realize an unfair benefit over different retailers. Based on the report, Amazon and iRobot may face an extended and arduous investigation.


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