The UK’s antitrust regulators have approved Amazon’s $1.7bn acquisition of robot vacuum maker iRobot, despite fears raised by consumer groups that the move could increase the e-commerce giant’s stranglehold on the smart home market. The Competition and Markets Authority concluded that the deal would not harm competition in the country. However, the acquisition is still under investigation by European Union regulators and the Federal Trade Commission.
Amazon’s $1.7 Billion Acquisition of Roomba Maker iRobot Receives UK Approval
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