More Regulatory Watching For Amazon, $1.7B Proposed Purchase Of iRobot Attracts Atention

Federal antitrust enforcers investigated Amazon.com Inc's AMZN proposal to buy Roomba maker iRobot Corp IRBT.
Roomba dominates the smart vacuum market with a 75% market share by revenue in the U.S.
The FTC formally requested documents from both companies explaining the proposed $1.7 billion deal's purpose and rationale, the Wall Street Journal reports.
A group of about 20 pro-privacy and worker organizations urged U.S. antitrust enforcers to stop the deal, citing concerns about privacy and Amazon's already powerful position in the smart home devices market, Reuters reported.
Also Read: After Google, Meta Also Suffers EU Antitrust Setback
The FTC also examined Amazon's $3.9 billion deal to buy 1Life Healthcare Inc.
The FTC took a skeptical view of the Big Tech acquisitions citing anticompetitive concerns.
The FTC separately investigated Amazon's Prime membership program.
Price Action: AMZN shares traded lower by 0.11% at $122.06 in the premarket on the last check Wednesday.
Photo by Jo Zimmy via Flickr