Amazon has not offered remedies to EU concerns over iRobot deal
FILE PHOTO: The logo of Amazon is seen at the company's logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo
By Foo Yun Chee
BRUSSELS (Reuters) -Amazon has not offered remedies to address concerns of EU antitrust regulators over its $1.4 billion acquisition of robot vacuum maker iRobot, according to an update on the European Commission website.
The U.S. e-commerce giant had until Wednesday to do so.
The European Commission's competition officials in November sent a warning to the company that the deal could restrict competition in the market for robot vacuum cleaners, a sign that they wanted remedies from Amazon.
Amazon had been set to win unconditional EU clearance for the deal after the Commission's lawyers initially disagreed with such a warning, sources told Reuters in November.
The lawyers subsequently dropped their objections to such a charge sheet, known as a statement of objections.
The absence of remedies could mean either unconditional EU antitrust approval or an EU veto of the deal.
(Reporting by Foo Yun CheeEditing by David Goodman and Mark Potter)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon launches bond sale seeking at least $25 billion
- Armenian opposition leader charged with fraud to be held for two months
- Meta expands generative AI tools with Muse Image rollout
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share