Some European entrepreneurs believe the EU's scrutiny of deals involving tech giants will lead to less M&A activity, reducing exit routes from their business
The Financial Times writes about how EU startups now agree and worry about the consequences of these regulator actions. … X: Lewis Crofts / @lewis_crofts : Start-ups getting nervous about @EU_Commissi...
The European Commission says Amazon's $1.4B iRobot acquisition may restrict competition; Amazon plans to work to address its concerns; IRBT drops ~18%
On 6 July 2023, the Commission opened an in-depth investigation … Jay Peters / The Verge : Amazon's $1.7 billion deal to buy iRobot is running into some objections Elizabeth Montalbano / Computerworld...
The European Commission opens a full-scale investigation into Amazon's $1.7B iRobot acquisition, setting a November 15, 2023 deadline to clear or block the deal
Foo Yun Chee / Reuters :
The UK CMA clears Amazon's proposed $1.7B iRobot deal, saying acquiring the robot vacuum maker would have “no impact on competition in the UK”
So yeah, no competition impact indeed. Tweets: @cmagovuk : We have cleared Amazon's $1.7bn purchase of iRobot. Our full text decision on why we cleared the merger will be published in due course. Find...
Sources: the EU plans to investigate Amazon's proposed $1.7B deal for Roomba-maker iRobot over privacy concerns, sending the company a set of detailed questions
Regulators have privacy concerns over acquisition of iRobot in sign of growing scrutiny of Big Tech dealmaking