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So the FTC blocked Amazon's acquisition of iRobot in January 2024 and now China gains control of the assests for a bargain? Another stupid application of antitr

• striking 11mo ago
  From Bloomberg: > Earnings began to decline since 2021 due to supply chain headwinds and increased competition. I know that there's a slight difference between Chinese-state owned enterprises and Amazon, but isn't a sale to either one worrying?
  • avalys 11mo ago
    In what sense is a sale to Amazon “worrying” compared to bankruptcy?
    • johnnyanmac 11mo ago
      Years of layoffs after swearing to not so layoffs that shells out the assets and then leaves a carcass in 2025 instead of a corpse. China might at least make some products out of this purchase. Most of these US companies would just sit on it.
    • tguvot 11mo ago
      [flagged]
      • mattmaroon 11mo ago
        At least with China we don’t need anti-semitic conspiracy theories to know they’ll be doing something evil!
        • tguvot 11mo ago
          come on, you can't compare CCP to Cabal. It's not on same level
        • deleted 11mo ago
          [deleted]
• amanaplanacanal 11mo ago
  I believe it was the EU rather than the FTC which killed the deal.
  • xnx 11mo ago
    I would assume the US market was a bigger concern, but hard to know for sure: https://www.ftc.gov/news-events/news/press-releases/2024/01/statement-regarding-termination-amazons-proposed-acquisition-irobot https://www.ftc.gov/news-events/news/press-releases/2024/01/...
    • amanaplanacanal 11mo ago
      IRobot says it was the EU: https://media.irobot.com/2024-01-29-Amazon-and-iRobot-agree-to-terminate-pending-acquisition https://media.irobot.com/2024-01-29-Amazon-and-iRobot-agree-...
      • xnx 11mo ago
        Wrong link? I don't see how that applies to the EU more than the US.
        • amanaplanacanal 11mo ago
          Read the italicized paragraph at the very beginning of the article.
          • xnx 11mo ago
            Doh! Thank you.