US FTC was poised to reject Amazon acquisition of iRobot -- source

iRobot

29/01/2024 16:49

WASHINGTON, Jan 29 (Reuters) - The Federal Trade
Commission was poised to reject Amazon.com's $1.4 billion
acquisition of robot vacuum maker iRobot  IRBT.O  before the
companies announced early Monday they were abandoning the deal
in the face of EU antitrust opposition, a source said.
    The FTC staff had met with Amazon  AMZN.O  last week to
inform them they planned to recommend the commission vote to sue
to block the acquisition, the source added, saying the
commission was set to hold a final meeting on Monday with Amazon
before the commission could have voted to approve a legal
challenge to the merger.

 (Reporting by David Shepardson)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))