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Where is Lina Khan who struck down the acquisition? Read the comments from the FTC. That was from less than two years ago. I am all for antitrust but Lina Khan
by lvl155 10mo ago
Where is Lina Khan who struck down the acquisition? Read the comments from the FTC. That was from less than two years ago. I am all for antitrust but Lina Khan was inept as they come in terms actually dealing with anti competitiveness in the tech.
This is called dumping. Long-term dumping but it is what it is.
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/...
- the_real_cher 10mo agoSo an American company (amazon) was going to buy iRobot, but that was struck down by the courts. Now a Chinese company is buying them and there's no problems. is that the background on that?
- lvl155 10mo agoThey struck it down because they said it hurts competitiveness based on faulty economic arguments. It was clear even two years ago that the market was extremely competitive with much cheaper iRobot copies. Lina Khan just didn’t want Amazon to save an American company. Plain and simple. Anybody in the robotics field in MA could have told you iRobot was struggling and that Amazon was throwing them a bone to keep those engineers afloat.
- novaRom 10mo agoShouldn't first CFIUS oversee this takeover?
- JetSpiegel 10mo agoThe Chinese company has outstanding loans, it's not an "acquisition" per-se. It's the Chinese supplier getting made whole.