2

European Union regulators have opened an official investigation into Amazon’s proposed $1.7 billion acquisition of iRobot, the company behind the popular Roomba lineup of robot vacuum cleaners.

In a press release, the European Commission said it’s concerned that “the transaction would allow Amazon to restrict competition in the market for robot vacuum cleaners (‘RVCs’) and to strengthen its position as online marketplace provider.” The European Commission is also looking at how getting access to iRobot users’ data may give Amazon an advantage “in the market for online marketplace services to third-party sellers (and related advertising services) and / or other data-related markets.”

“We continue to work through the process with the...

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 06 Jul 2023
2 points (100.0% liked)

Technology

30 readers
1 users here now

This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!

founded 2 years ago