Big Law

Amazon in Talks with Regulators Over $1.7 Billion iRobot Deal

Amazon said on Wednesday it is in talks with regulators on its $1.7 billion bid for iRobot Corp, maker of the robotic vacuum cleaner Roomba, with the takeover likely to draw tough scrutiny due to regulatory concerns about deals by Big Tech.

The Financial Times reported earlier that the European Union is set to investigate the purchase that Amazon announced last August, adding that regulators have sent the e-commerce giant a series of detailed questions over the proposed transaction.

“We’re working cooperatively with the relevant regulators in their review of the merger,” an Amazon spokesperson said. The company declined to comment on the FT report.

Read the sourcearticle at finance.yahoo.com

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