EU probes Amazon-iRobot deal

EU probes Amazon-iRobot deal

BRUSSELS
EU probes Amazon-iRobot deal

The EU has opened an antitrust investigation into Amazon's $1.7-billion purchase of U.S. robot vacuum maker iRobot over competition concerns.

Brussels said it was probing whether the acquisition would allow Amazon to "restrict competition" and "strengthen its position as an online marketplace provider".

"We are concerned that, by acquiring iRobot, Amazon may use this dual role to foreclose access by iRobot's rivals to its marketplace," EU competition chief Margrethe Vestager said.

"With our in-depth investigation, we will also investigate whether Amazon would use data collected by iRobot to strengthen its position."

The purchase of the maker of Roomba self-operating vacuums, announced in August 2022, aims to expand Amazon's artificial intelligence and smart home ambitions.

Amazon said it continues "to work through the process with the European Commission and are focused on addressing its questions and any identified concerns at this stage".

The EU's announcement comes after Britain's competition regulator approved the takeover last month.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion
LATEST NEWS

  1. Türkiye’s external assets at $320 billion

    Türkiye’s external assets at $320 billion

  2. Nine sentenced to prison six years after Çorlu train accident

    Nine sentenced to prison six years after Çorlu train accident

  3. Dawn ceremony held to remember Anzac soldiers in Çanakkale

    Dawn ceremony held to remember Anzac soldiers in Çanakkale

  4. Ministry puts autographed Jordan sneakers up for sale

    Ministry puts autographed Jordan sneakers up for sale

  5. Türkiye seeks positive momentum in Eurofighter negotiations, sources say

    Türkiye seeks positive momentum in Eurofighter negotiations, sources say
Recommended
Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion
Business morale improves, capacity utilization rises in April

Business morale improves, capacity utilization rises in April
Annual rise in home prices continues to slow

Annual rise in home prices continues to slow
Boeing to give $425 million advance payments to Spirit

Boeing to give $425 million advance payments to Spirit
Meta more than doubles profit in first quarter

Meta more than doubles profit in first quarter
Short-term external debt at $174 billion

Short-term external debt at $174 billion
Domestic tourism spending rises 100 percent in 2023

Domestic tourism spending rises 100 percent in 2023
WORLD Hamas official says group would lay down weapons in case of a two-state solution

Hamas official says group would lay down weapons in case of a two-state solution

A top Hamas political official told The Associated Press the Islamic militant group is willing to agree to a truce of five years or more with Israel and that it would lay down its weapons and convert into a political party if an independent Palestinian state is established along pre-1967 borders.
ECONOMY Türkiye’s external assets at $320 billion

Türkiye’s external assets at $320 billion

Türkiye’s external assets declined by 2.4 percent compared to the end of 2023 to $320.2 billion as of February, official data have shown.
SPORTS Tour of Türkiye embarks on 8-stage journey

Tour of Türkiye embarks on 8-stage journey

The 59th Presidential Cycling Tour of Türkiye (TUR) kicks off on April 21 in the Mediterranean resort city of Antalya with the participation of 25 professional cycling teams.