2023-04-06 07:20:10 ET
Amazon’s ( NASDAQ: AMZN ) proposed acquisition of Roomba-maker iRobot Corporation ( IRBT ) is under regulatory scrutiny in the UK.
The Competition and Markets Authority indicated on Thursday that it has opened an invitation to comment in consideration of the merger’s potential “lessening of competition within any market or markets in the United Kingdom for goods or services.”
Amazon ( AMZN ) first agreed to acquire iRobot for $61/share in an all-cash transaction valued at about $1.7B in August 2022. The stock has traded well below that price in the months following the announcement as regulators in the EU , US, and now UK probe the transaction.
Legal watchdogs in the UK have urged national authorities to look into the deal since late 2022 .
For further details see:
Amazon acquisition of iRobot under investigation in the UK