
By Scott Kanowsky
Investing.com -- The British competition watchdog has said it is asking for comments regarding Amazon's (NASDAQ:AMZN) proposed acquisition of Roomba-maker iRobot (NASDAQ:IRBT), becoming the latest antitrust regulator to scrutinize the $1.7 billion deal.
In a statement on Thursday, the U.K. Competition and Markets Authority noted that it is still considering whether the transaction, if completed, would result in a "substantial lessening" in market share currently held by the two companies' peers.
"To assist it with this assessment, the CMA invites comments on the transaction from any interested party," it said.
Amazon's possible bid for iRobot, known for its Roomba autonomous vacuum cleaners, is already facing a probe from the U.S. Federal Trade Commission. Consumer advocates have alleged that Amazon could sell Roombas at a loss to drive firms making similar products out of business. They also claim that the Roomba may give Amazon access to home layouts and lifestyle patterns that the tech giant could then combine with its vast trove of user data to muscle out competition in the e-commerce space.
Meanwhile, the European Union has sent Amazon a number of questions regarding the planned purchase, according to a report in the Financial Times in February.
At the time, Amazon said it was "working cooperatively with the relevant regulators in their review of the merger," but did not comment on the report.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.