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>A hoped-for by acquisition by Amazon.com in 2023 collapsed over regulatory concerns. I never understood why the US objected to this. Amazon was not in that b
by jmclnx 11mo ago
>A hoped-for by acquisition by Amazon.com in 2023 collapsed over regulatory concerns.
I never understood why the US objected to this. Amazon was not in that business.
But you see acquisitions like Paramount that will eventually turn US media into a near monopoly with probably 2 or 3 players. Now we have a fight over who will pick up WB, I am sure who ever wins the fight will have the merger approved. But Amazon, denied.
FWIW, I have no love for Amazon, but they were not trying to buy a company like Walmart which will be far worse then buying iRobot.
- amanaplanacanal 11mo agoIt appears that it was the EU which blocked the deal rather than the US.
- trinix912 11mo agoDo you have a source to back this up or you're just assuming? So far I've only seen FTC statements on this and they wouldn't have been too pleased with the merger.
- amanaplanacanal 11mo agoYeah, iRobot's press release: 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-... "Amazon's proposed acquisition of iRobot has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together—a loss for consumers, competition, and innovation."