The European Commission is likely to block the deal. The final decision must be made by February 14. Such a decision could be made due to Amazon’s potential monopoly on the robot vacuum cleaner market in Europe. As mentioned, Amazon can block competitors from its online store.
The same situation may arise in the United States: the Federal Trade Commission (FTC) may make a negative decision on the deal between Amazon and iRobot.
The possible blockage of the agreement was reported by American federal information sources Bloomberg and WSJ. IRobot shares fell 30% immediately after this. The share price fell from $23.62 to $15.
Source: Ferra
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