Close Menu
New York Daily News Online
    Facebook X (Twitter) Instagram Pinterest YouTube
    Facebook X (Twitter) Instagram YouTube TikTok
    New York Daily News OnlineNew York Daily News Online
    • Home
    • US News
    • Politics
    • Business
    • Technology
    • Science
    • Books
    • Film
    • Music
    • Television
    • LifeStyle
    • Contact
      • About
      • Amazon Disclaimer
      • DMCA / Copyrights Disclaimer
      • Privacy Policy
      • Terms and Conditions
    New York Daily News Online
    Home»US News

    iRobot shares surge after UK regulator clears Amazon acquisition

    AdminBy AdminJune 16, 2023 US News
    Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit

    In this article

    • IRBT
    • AMZN
    A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts
    Scott Eells | Bloomberg | Getty Images

    Amazon‘s planned $1.7 billion acquisition of iRobot, the maker of Roomba vacuums, has been greenlit by Britain’s competition watchdog.

    The Competition and Markets Authority said it determined the deal would not result in “a substantial lessening of competition” in the U.K. The CMA opened its probe into the proposed purchase in April.

    iRobot’s stock climbed more than 19% in early trading on news of the CMA’s approval. Amazon shares were flat.

    An Amazon spokesperson told CNBC in a statement: “We’re pleased with the UK Competition and Markets Authority’s decision and are committed to supporting regulatory bodies in their work. We look forward to similar decisions from other regulators soon.”

    Amazon announced last year it would acquire iRobot for $1.7 billion, as part of a move to deepen its presence in the smart home. But the deal is still under review by the U.S. Federal Trade Commission, as well as European Union antitrust regulators, who opened a probe earlier this month.

    The CMA said it found in its review that iRobot’s market position in the U.K. is modest and that it faces significant competition from several rivals. It also determined the deal would not limit rival smart home platforms’ ability to compete and that there was no clear incentive for Amazon to favor iRobot’s products on its online store.

    WATCH: Amazon’s smart home dominance and how it could grow with iRobot acquisition

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit

    you might also be interested in...

    Trump says U.S. has trade ‘deal’ with Indonesia, but shares no details

    EVs are everywhere in Oslo. Here’s what Norway has done differently

    Trade Desk stock jumps as ad-tech company replaces Ansys in S&P 500

    Fed Chair Powell asks inspector general to review controversial building project

    Chinese brands are rapidly making inroads in Europe’s EV utopia

    Trump can fire Powell if there’s cause: Hassett

    Popular Posts

    EVs are everywhere in Oslo. Here’s what Norway has done differently

    JPMorgan Chase (JPM) earnings Q2 2025

    Did You Know ‘Bonanza’ Had a Spinoff?

    Poet, Star of Come See Me in the Good Light Was 49

    Kevin Parker appears to be teasing a new Tame Impala album: “Been busy”

    Never fear, reaction videos are still allowed under YouTube’s new ‘inauthentic content’ policy

    Categories
    • Books (1,443)
    • Business (1,973)
    • Events (21)
    • Film (888)
    • LifeStyle (1,893)
    • Music (1,747)
    • Politics (1,295)
    • Science (1,736)
    • Technology (1,680)
    • Television (1,804)
    • Uncategorized (33)
    • US News (1,824)
    Archives
    Useful Links
    • Contact
    • About
    • Amazon Disclaimer
    • DMCA / Copyrights Disclaimer
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram YouTube TikTok
    © 2025 New York Daily News Online. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms of Use and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.