Amazon’s $1.7 Billion iRobot Deal Cleared by the UK
- CMA said deal will not lead to antitrust concerns in UK market
- IRobot soars by 20% at market open; Amazon down by 1%
iRobot Roomba vacuums.
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Amazon.com Inc.’s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK’s antitrust agency, sending shares in the Bedford, Massachusetts firm soaring.
The Competition and Markets Authority said the deal would not lead to competition concerns in the UK market after an initial review, according to a statement Friday.