Amazon to buy vacuum maker iRobot for roughly $1.7B
2 years, 4 months ago

Amazon to buy vacuum maker iRobot for roughly $1.7B

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about the company's market power. Last month, Amazon said it would buy the primary care provider One Medical in a deal valued roughly at $3.9 billion, a move that expanded its reach further into health care. Sen. Amy Klobuchar, D-Minn., who heads the Senate Judiciary antitrust panel, has urged the the Federal Trade Commission to investigate the acquisition, in the mold of other critics who’ve called on regulators to block the purchase over concerns about the company’s past conduct and potential implications for consumers’ health data.” Regulators also have discretion to challenge Amazon's $8.5 billion buyout of Hollywood studio MGM, which was completed earlier this year.

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History of this topic

Amazon’s bid to buy Roomba maker iRobot is called off amid pushback in Europe
10 months, 3 weeks ago

Amazon’s bid to buy Roomba maker iRobot is called off amid pushback in Europe

The Hindu  

Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal. The European Commission, the European Union’s executive arm and top antitrust enforcer, told Amazon last year of its “preliminary view” that the iRobot acquisition would hurt competition in the industry. “Our in-depth …

Amazon’s bid to buy Roomba maker iRobot is called off amid pushback in Europe
10 months, 3 weeks ago

Amazon’s bid to buy Roomba maker iRobot is called off amid pushback in Europe

Associated Press  

LONDON — Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the deal. The European Commission, the European Union’s executive arm and top antitrust enforcer, told Amazon last year of its “preliminary view” that the iRobot acquisition would hurt competition in the industry. …

Amazon’s bid to buy Roomba maker IRobot is called off amid pushback in Europe
10 months, 3 weeks ago

Amazon’s bid to buy Roomba maker IRobot is called off amid pushback in Europe

LA Times  

A Roomba 980 vacuum cleaning robot is displayed during a presentation in Tokyo in 2015. Amazon called off its purchase of robot vacuum maker IRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the deal. The European Commission, the European Union’s executive arm and top antitrust enforcer, had informed Amazon last year …

EU antitrust regulator intends to block Amazon's iRobot acquisition: Report
11 months ago

EU antitrust regulator intends to block Amazon's iRobot acquisition: Report

The Hindu  

The European Union's competition watchdog plans to block Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot, The Wall Street Journal said on Thursday, citing people familiar with the matter. The U.S. tech giant did not offer remedies until the January 10 deadline to address the antitrust regulator's concerns that the deal could restrict competition in the market for robot …

Amazon to win unconditional EU nod for iRobot deal
1 year, 1 month ago

Amazon to win unconditional EU nod for iRobot deal

The Hindu  

Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot, three people familiar with the matter said on Thursday. Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a few companies and big players leveraging their …

Amazon will pay 15% less for iRobot as the robot vacuum maker takes on new debt
1 year, 4 months ago

Amazon will pay 15% less for iRobot as the robot vacuum maker takes on new debt

Associated Press  

NEW YORK — Amazon will pay roughly 15% less to acquire iRobot after the robot vacuum maker incurred new debt. The companies said this week that the Seattle-based tech giant will pay $51.75 per share, revised down from $61.00 per share, or $1.7 billion, that was agreed on last year. For Amazon, the lower acquisition price is expected to be …

UK clears Amazon's $1.7 billion deal for Roomba-maker iRobot
1 year, 6 months ago

UK clears Amazon's $1.7 billion deal for Roomba-maker iRobot

The Hindu  

Britain's competition regulator on Friday cleared Amazon.com Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner. "We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies in their work," a spokesperson for Amazon said. In April, the CMA had launched a "Phase 1" probe into the deal which …

Amazon’s $1.7 billion deal to buy Roomba maker iRobot gets UK approval
1 year, 6 months ago

Amazon’s $1.7 billion deal to buy Roomba maker iRobot gets UK approval

Associated Press  

LONDON — British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. Consumer groups have voiced concerns that Amazon’s purchase of Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, would widen the e-commerce giant’s dominance in the smart home market. …

UK competition watchdog probes takeover of Roomba firm iRobot
1 year, 8 months ago

UK competition watchdog probes takeover of Roomba firm iRobot

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK competition watchdog is …

U.S. begins antitrust review of Amazon’s takeover of vacuum maker iRobot
2 years, 3 months ago

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

The Hindu  

The U.S. Federal Trade Commission has begun a review of Amazon.com's $1.7 billion takeover of robot vacuum maker iRobot 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 …

Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion
2 years, 4 months ago

Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion

The Hindu  

Amazon.com Inc will acquire iRobot Corp, maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the world's largest online retailer to expand its stable of smart home devices. Amazon already owns virtual assistant Alexa, Ring, which monitors homes, and a smart thermostat, giving it a range of products in the …

Amazon to buy vacuum maker iRobot for roughly $1.7B
2 years, 4 months ago

Amazon to buy vacuum maker iRobot for roughly $1.7B

Associated Press  

NEW YORK — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon’s market power and ability to gain deeper insights into consumers’ lives. Amazon hasn’t had much success …

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