US begins antitrust review of Amazon takeover of Vacuum Maker iRobot

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Last update: September 03, 2022, 12:32 p.m. HST

Amazon has made an offer to buy the brand of robot vacuum cleaners

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 whether the deal violates antitrust law, reported Politico on Friday, citing people familiar with the matter.

(Reuters) – 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 whether the deal violates the law antitrust, Politico reported Friday, citing people familiar with the matter.

iRobot’s review by the US antitrust body is broad and would include both direct competition and whether the deal would illegally increase Amazon’s market share in both the connected device market and in the retail market in general, the report adds. (https://politi.co/3emgp1t)

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

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

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

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 physical doctors’ offices for the first time.

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

On Friday, One Medical said the US antitrust body had requested more information from the company and Amazon about the online retailer’s $3.49 billion acquisition of the primary care provider.

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