{"id":54529,"date":"2024-01-21T18:24:08","date_gmt":"2024-01-21T18:24:08","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/?p=54529"},"modified":"2024-01-21T17:50:15","modified_gmt":"2024-01-21T17:50:15","slug":"amazon-takeover-of-irobot-to-be-blocked-by-eu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu","title":{"rendered":"Amazon takeover of iRobot to be blocked by EU"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>Amazon’s takeover of vacuum cleaner maker iRobot is set to be blocked by the European Union’s competition watchdog.<\/b><\/p>\n

It’s a blow to the tech giant, which was previously given the all-clear for the purchase by the UK government’s competition watchdog.<\/p>\n

The Competition and Markets Authority (CMA) found that its place in the UK market was “modest” and that it already faced several significant rivals.<\/p>\n

Amazon declined to comment.<\/p>\n

The online giant moved to buy iRobot, maker of the Roomba cleaner, in August 2022 in a takeover deal set to cost $1.7bn (\u00a31.4bn).<\/p>\n

It was looking to expand its footprint in the market for smart home appliances.<\/p>\n

But regulators are worried that iRobot’s tie-up with Amazon could make it difficult for other vacuum-makers to compete, especially if Amazon were to give the Roomba benefits over rivals on its e-commerce site.<\/p>\n

The European Commission (EC), which serves as the EU’s competition watchdog, opened an investigation into the purchase last July.<\/p>\n

The EC has the legal deadline of February 14 to make its decision but the commission’s 27 top political leaders will need to reach consensus on the rejection before a final decision can be issued.<\/p>\n

iRobot shares tanked 40% in after hours trading after the first reporting of the EU’s intentions by the Wall Street Journal.<\/p>\n

The takeover by Amazon had been seen as a boon for the firm, as it has struggled with sales declines.<\/p>\n

“If the objective is to have more competition in the home robotics sector, this makes no sense,” said Matt Schruers, president of tech lobbying group Computer and Communications Industry Association.<\/p>\n

“Blocking this deal may well leave consumers with fewer options, and regulators cannot sweep that fact under the rug,” Schruers told Reuters.<\/p>\n

Roomba models sell in the region of \u00a31648 in the UK.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. Amazon’s takeover of vacuum cleaner maker iRobot is set to be blocked by the European Union’s competition watchdog. It’s a blow to the tech giant, which was previously given the all-clear for the purchase by the UK government’s competition watchdog. The Competition and Markets Authority (CMA) found that its place in the […]<\/p>\n","protected":false},"author":84,"featured_media":54527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,337,329],"class_list":["post-54529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nAmazon takeover of iRobot to be blocked by EU - Angola<\/title>\n<meta name=\"description\" content=\"Amazon's takeover of vacuum cleaner maker iRobot is set to be blocked by the European Union's competition watchdog.<\/ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon takeover of iRobot to be blocked by EU\" \/>\n<meta property=\"og:description\" content=\"Amazon's takeover of vacuum cleaner maker iRobot is set to be blocked by the European Union's competition watchdog.<\/ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-21T18:24:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2024\/01\/sm_1705846768.592675.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Amazon takeover of iRobot to be blocked by EU\",\"datePublished\":\"2024-01-21T18:24:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2024\/01\/sm_1705846768.592675.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/amazon-takeover-of-irobot-to-be-blocked-by-eu\",\"name\":\"Amazon takeover of iRobot to be blocked by EU - 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