Online retail behemoth Amazon is projected to secure unconditional European Union antitrust approval for its acquisition of iRobot, according to a report by Reuters. This report cites three individuals privy to the matter.
This development comes amidst scrutiny against large technology companies, particularly their ongoing and future acquisitions, with regulators aiming to prevent disruptions in competition.
The EU rubber stamp would signal a significant step towards the completion of the much-discussed iRobot deal. The deal, if finalized, would provide Amazon with access to a broader range of automated home-cleaning devices.
Given the increasing attention on large tech corporations, this unconditional approval from the EU antitrust panel spurs a conversation about future deals from other industry giants.
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