Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

U.S. begins antitrust review of Amazon’s takeover of vacuum maker iRobot

by Index Investing News
September 3, 2022
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) – The U.S. Federal Trade Commission has begun a review of Amazon.com (NASDAQ:)’s $1.7 billion takeover of robot vacuum maker iRobot (NASDAQ:) Corp to decide if the deal violates antitrust law, Politico reported on Friday, citing people familiar with the matter.

The U.S. anti-trust body’s iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally boost Amazon’s market share in both the connected device market and the retail market in general, the report added.

Amazon declined to comment, while iRobot and the FTC did not immediately respond to a Reuters’ request for comment.

The e-commerce giant has steadily expanded its devices lineup with more speakers showcasing its Alexa voice assistant and with home security doorbells and cameras from Ring, which it acquired in 2018.

Amazon in August announced its all-cash deal of $61 per share to acquire iRobot, maker of the robotic vacuum cleaner Roomba.

The world’s largest online retailer is pushing to expand its stable of smart home devices as well as expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time.

The online retailer in July had agreed to buy primary care provider One Medical.

One Medical on Friday said the U.S. anti-trust body had sought more information from the company and Amazon about the primary care provider’s $3.49 billion acquisition by the online retailer.



Source link

Tags: AmazonsantitrustBeginsIRobotMakerReviewTakeovervacuum
ShareTweetShareShare
Previous Post

Bull Market or Bear Market. Investors Are Trying to Decide

Next Post

The Truth – Investment Watch

Related Posts

LRGF: Low-Charge Issue ETF With Convincing Efficiency Is A Purchase (NYSEARCA:LRGF)

LRGF: Low-Charge Issue ETF With Convincing Efficiency Is A Purchase (NYSEARCA:LRGF)

by Index Investing News
May 25, 2025
0

This text was written byObserveVasily Zyryanov is a person investor and author.He makes use of numerous methods to seek out...

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

by Index Investing News
May 24, 2025
0

This text was written byObserveI'm an enthusiastic fairness analysis and funding analyst with a powerful curiosity in making use of...

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

by Index Investing News
May 23, 2025
0

Seagate Know-how Holdings plc (NASDAQ:STX) Seagate 2025 Investor and Analyst Convention Name Could 22, 2025 9:00 AM ET Firm Members...

2 BDCs That Qualify For The Retirement Earnings League

2 BDCs That Qualify For The Retirement Earnings League

by Index Investing News
May 23, 2025
0

This text was written byObserveRoberts Berzins has over a decade of expertise within the monetary administration serving to top-tier corporates...

Booz Allen Hamilton Holding Company 2025 This fall – Outcomes – Earnings Name Presentation (NYSE:BAH)

Booz Allen Hamilton Holding Company 2025 This fall – Outcomes – Earnings Name Presentation (NYSE:BAH)

by Index Investing News
May 23, 2025
0

This text was written byObserveSearching for Alpha's transcripts staff is liable for the event of all of our transcript-related initiatives....

Next Post
The Truth – Investment Watch

The Truth – Investment Watch

Who could be the saviour of troubled SpiceJet?

Who could be the saviour of troubled SpiceJet?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

LEVI Earnings: Levi Strauss slips to loss in Q2 on lower revenues

LEVI Earnings: Levi Strauss slips to loss in Q2 on lower revenues

July 9, 2023
What Is Subsequent for Ripple’s XRP? Whale Exercise and Stablecoin Approval Stir Optimism

What Is Subsequent for Ripple’s XRP? Whale Exercise and Stablecoin Approval Stir Optimism

December 16, 2024
A Legacy Reborn, Sundown Journal’s 1958 Discovery Residence and Its Famed Architect

A Legacy Reborn, Sundown Journal’s 1958 Discovery Residence and Its Famed Architect

August 10, 2024
Tiger World drops 14% in Might in the course of the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

Tiger World drops 14% in Might in the course of the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

June 4, 2022
Ukraine Requested For Donations In Cryptocurrency To Battle Russia

Ukraine Requested For Donations In Cryptocurrency To Battle Russia

May 29, 2022
The wrong way to think about moral hazard

The wrong way to think about moral hazard

March 15, 2023
Forward of Market: 10 issues that may resolve inventory market motion on Monday

Forward of Market: 10 issues that may resolve inventory market motion on Monday

May 18, 2025
The Past, Present, and Future of Public Choice: Part II

The Past, Present, and Future of Public Choice: Part II

November 7, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In