Amazon has not offered remedies to EU concerns over iRobot deal By Reuters
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© Reuters. FILE PHOTO: The logo of Amazon is seen at the company’s logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo
By Foo Yun Chee
BRUSSELS (Reuters) -Amazon has not offered remedies to address concerns of EU antitrust regulators over its $1.4 billion acquisition of robot vacuum maker iRobot (NASDAQ:), according to an update on the European Commission website.
The U.S. e-commerce giant had until Wednesday to do so.
The European Commission’s competition officials in November sent a warning to the company that the deal could restrict competition in the market for robot vacuum cleaners, a sign that they wanted remedies from Amazon (NASDAQ:).
Amazon had been set to win unconditional EU clearance for the deal after the Commission’s lawyers initially disagreed with such a warning, sources told Reuters in November.
The lawyers subsequently dropped their objections to such a charge sheet, known as a statement of objections.
The absence of remedies could mean either unconditional EU antitrust approval or an EU veto of the deal.
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© Reuters. FILE PHOTO: The logo of Amazon is seen at the company’s logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo
By Foo Yun Chee
BRUSSELS (Reuters) -Amazon has not offered remedies to address concerns of EU antitrust regulators over its $1.4 billion acquisition of robot vacuum maker iRobot (NASDAQ:), according to an update on the European Commission website.
The U.S. e-commerce giant had until Wednesday to do so.
The European Commission’s competition officials in November sent a warning to the company that the deal could restrict competition in the market for robot vacuum cleaners, a sign that they wanted remedies from Amazon (NASDAQ:).
Amazon had been set to win unconditional EU clearance for the deal after the Commission’s lawyers initially disagreed with such a warning, sources told Reuters in November.
The lawyers subsequently dropped their objections to such a charge sheet, known as a statement of objections.
The absence of remedies could mean either unconditional EU antitrust approval or an EU veto of the deal.
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