UK Antitrust Watchdog Launches Probe On Amazon-iRobot Deal

April 18, 2023 11:45 AM | 1 min read |

The Competition and Markets Authority launched a phase one probe on Amazon.Com Inc's AMZN proposed acquisition of IRobot Corp IRBT.
The deadline for the CMA to decide whether to refer the merger for a phase two investigation is June 16, 2023.
The CMA is considering whether the transaction will substantially hamper competition within any U.K. market for goods or services.
In September, the FTC formally requested documents from both companies explaining the proposed $1.7 billion deal's purpose and rationale.
Roomba dominates the smart vacuum market with a 75% market share by revenue in the U.S.
In August 2022, Amazon.com agreed to acquire iRobot for $61 per share, implying a 22% premium to iRobot's August 4 closing price of $49.99.
Price Action: IRBT shares traded lower by 0.27% at $41.28 on the last check Tuesday.

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