![]() ![]() ![]() When closed a previous deal, its $3.5 billion takeover of primary care provider One Medical in February, the FTC sent a warning letter citing specific concerns about the transaction but took no future steps. The online retailer has confirmed that it has complied with the agency's document demands but has declined to comment on timing. Federal Trade Commission, which is widely expected to file an antitrust lawsuit against, is also looking at the iRobot deal. Meanwhile, EU antitrust regulators will decide by July 6 whether to clear the deal. "In reality though, the 'fundamentals' of this deal means that the CMA's assessment was far less controversial than in other tech based cases given in particular iRobot's low market share," said Alex Haffner, competition partner at UK law firm Fladgate. The news sent shares in U.S-listed iRobot up 18%, while Amazon's stock was down 1.2%. "It marks a significant milestone, and both companies are continuing to work cooperatively with other relevant regulators in their review of the merger," iRobot Chief Executive Colin Angle said in a statement. Notify me when it is back in stock Enter your email address below, and we will notify you when this product is back in stock. Regulators on both sides of the Atlantic are wary of Big Tech acquiring smaller rivals, especially those with access to big volumes of user data, and tend to demand remedies in return for approving such deals. Item IF361-004-1 iRobot Roomba Battery for Select 500, 600, and 700 Series 27.99 39.99 30 OFF 5 3 reviews Condition: New Style Shipping restrictions apply This item is currently Out of Stock. In April, the CMA had launched a "Phase 1" probe into the deal which was announced in August last year as Amazon sought to expand its stable of smart-home devices, which include the Alexa voice assistant, smart thermostats, security devices, wall mounted smart displays and a canine-like robot called Astro. "We look forward to similar decisions from other regulators soon." "We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies in their work," a spokesperson for Amazon said. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. (Reuters) -Britain's competition regulator on Friday cleared Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner.
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