Home 2023 EU Antitrust Regulators Seek More Clarity on Amazon-iRobot Deal

European Union antitrust regulators have halted their investigation into Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot, pending the provision of additional information by the companies.

The European Commission (EC) opened the investigation in December 2022, following concerns that the deal could give Amazon an unfair advantage in the online retail market for robot vacuum cleaners. The EC was specifically concerned that Amazon could use its market power to require iRobot to give it preferential treatment on its platform, or to prevent iRobot from selling its products on other platforms.

In a statement, the EC said that it has “requested additional information from the companies to clarify certain aspects of the transaction.” The EC said that it will resume its investigation once it has received the requested information.

The decision to halt the investigation is a positive development for Amazon and iRobot. However, it’s important to note that the EC may reopen the investigation if it finds the provided information unsatisfactory.


“We are pleased that the European Commission has decided to suspend its investigation into our acquisition of iRobot,” said an Amazon spokesperson. “We believe that this transaction is good for consumers and will help us to continue to innovate and bring new products to market.”


The decision by the EC to halt its investigation is a setback for those who were concerned about the potential anticompetitive effects of the Amazon-iRobot deal. However, it’s important to note that the EC could reopen the investigation if it remains dissatisfied with the provided information.

The decision to halt the investigation also raises questions about the EC’s commitment to enforcing antitrust law in the digital economy. Critics have pointed out that the EC’s sluggishness in investigating and taking action against tech giants like Amazon has raised concerns. Suspending the Amazon-iRobot investigation could signal a reluctance on the EC’s part to confront these tech giants.


The EU antitrust regulators’ choice to suspend their investigation into Amazon’s acquisition of iRobot brings a positive turn for the companies in question. Nevertheless, it’s crucial to acknowledge that the investigation might see a reopening if the EC isn’t content with the provided information. This decision also sparks inquiries regarding the EC’s dedication to enforcing antitrust laws in the digital economy.

You may also like


Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.