The European Commission, the antitrust regulators of the European Union (EU), has expressed concerns about Amazon’s $1.7 billion acquisition of iRobot, stating that it may restrict competition in the region. The Commission believes that Amazon could use its influence to prevent iRobot’s rivals from selling robot vacuum cleaners on its online marketplace, potentially degrading their access to it.
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EU may have ‘bad news’ for Amazon
The European Commission, the antitrust regulators of the European Union (EU), has expressed concerns about Amazon’s $1.7 billion acquisition of iRobot, stating that it may restrict competition in the region. The Commission believes that Amazon could use its influence to prevent iRobot’s rivals from selling robot vacuum cleaners on its online marketplace, potentially degrading their access to it.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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