4 ms·

EU regulators would rather see a company go bankrupt than getting acquired at 3x market cap.

• tomtheelder 3y ago
  Is yet another company getting hoovered up by Amazon better for society than it going out of business? Honestly I don't know that's as obvious as you're making it sound. Hyper consolidation is arguably the biggest economic issue facing developed economies right now. IMO there's no valid reason to allow a company the size of Amazon to make acquisitions, and instead the conversation should be about urgently trying to break Amazon up.
  • _ea1k 3y ago
    Yes. It isn't just any company, it is basically the last of its kind based in the US. This is a direct benefit to Chinese competitors in the space and a direct detriment to American workers. The effect in Amazon is marginal at best. TBH, it looks like the worst possible outcome.
• yifanl 3y ago
  If iRobot was really in a situation where it was acquisition goes through or "the CEO and a half of the employees will be laid off the day the news breaks out", then I can't imagine they were in an economically viable state to begin with, and it certainly shouldn't be the EU's job to fight said economic forces.
• pornel 3y ago
  But that's not a real value created by the company, but value that would be extracted by self-dealing placement of their products on Amazon. I'm quite happy that EU is siding with the consumers, not the shareholders.
• chucke1992 3y ago
  Well EU prefers giving subsidies to 100 year old companies at the expense of everything else.