Sunday, October 2, 2022
Home OHIO FTC reviewing Amazon acquisition of iRobot after consumer advocate outcry

FTC reviewing Amazon acquisition of iRobot after consumer advocate outcry

Shortly after the iRobot deal was announced, groups called on the FTC to block the merger, arguing it furthered Amazon’s dominance in the smart home market.

WASHINGTON — The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot, the latest deal that’s under scrutiny by the regulators amid growing concerns about the company’s market power.

In a regulatory filing Tuesday, iRobot said both it and Amazon received a request for additional information in connection with an FTC review of the merger. Earlier this month, securities regulators made a similar request to Amazon and One Medical, the primary health care company the e-commerce giant is planning to buy for $3.9 billion.

RELATED: Amazon buys company making Roomba vacuum-cleaning robots

Both Amazon and iRobot said they would cooperate with the FTC’s review, which delays the completion of a deal. Following an investigation, the agency can challenge a merger in court, seek remedies or do nothing, which allows the deal to close. The agency says it retains the right to challenge a deal even after it closed.

Shortly after the deal was announced in early August, groups calling for stricter antitrust regulations called on the FTC to block the merger, arguing it furthered Amazon’s dominance in the smart home market.

Privacy advocates have also voiced concerns the Seattle company will suck up more information on consumers from Roombas, iRobot’s popular vacuum cleaners that can remember a home’s floor plans. They say that feature makes it more possible for Amazon to target consumers with ads. Amazon has said it won’t do that.

iRobot and Amazon have both declined to comment.

RELATED: As Amazon grows, so does its eye on consumers



Source link

RELATED ARTICLES

Cleveland fishing tournament ends in controversy as winners caught stuffing walleye with weights

The competitors, Jake Runyan and Chase Cominsky, had their victory stripped and could potentially face criminal charges. ...

Venezuela swaps 7 jailed Americans for Maduro relatives

This is the largest trade of detained citizens ever carried out by the Biden administration. ...

Former US presidents, local leaders and organizations wish Jimmy Carter Happy Birthday

Among the many Tweets, former President Obama and President Clinton wished Carter a happy 98th birthday. ...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Cleveland fishing tournament ends in controversy as winners caught stuffing walleye with weights

The competitors, Jake Runyan and Chase Cominsky, had their victory stripped and could potentially face criminal charges. ...

LAPD captain wins $4 million in suit over distribution of topless photo resembling her

LOS ANGELES — A Los Angeles Police Department captain who complained that management ignored her requests for the entire department to be informed...

Trump, Michigan Republicans put faith in’MAGA movement’ at Warren rally

Warren — Former President Donald Trump encouraged Michigan voters to support his slate of Republican candidates during a rally in Macomb County on...

More than 120 dead after fans stampede to exit Indonesian soccer match

Panic at an Indonesian soccer match after police fired tear gas to stop brawls left 129 dead, mostly trampled to death, police said...

Recent Comments