User
Notification

Don’t miss the latest developments in business and finance.

IRobot Roomba 695

British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal. The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a substantial lessening of competition within the United Kingdom. In an initial step, the U.K. watchdog invited comments on the deal from any interested party. The acquisition is already facing a review in the U.S. by the Federal Trade Commission amid worries about Amazon's growing market power. Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant's dominance in the smart home market. Amazon said it's working cooperatively with the relevant regulators in their review of the merger. Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it continues to work cooperatively with both the U.S. FTC and other regulatory agencie

Updated On: 06 Apr 2023 | 4:31 PM IST
Bs_logoAmazon's $1.7 billion iRobot purchase faces UK antitrust scrutiny

EU regulators have sent the e-commerce giant a series of detailed questions over the proposed transaction, indicating that they are gearing up for a formal probe, the report said

Updated On: 16 Feb 2023 | 12:32 AM IST
Bs_logoEU regulators set to investigate Amazon's $1.7-billion iRobot deal

Robot vacuum cleaner maker iRobot has announced to cut around 7 per cent of its workforce or about 85 employees.

Updated On: 15 Feb 2023 | 11:20 AM IST
Bs_logoRoomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks

The ability to operate the Roomba 695 robot from remote locations makes it a unique proposition

Updated On: 06 Jul 2018 | 11:07 PM IST
Bs_logoiRobot Roomba 695 review: Vacuum cleaner that makes the job easier