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FTC begins review of Amazon’s $1.7 billion deal with iRobot

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FTC begins review of Amazon’s $1.7 billion deal with iRobot
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According to experts, Politico reported on Friday that the US Federal Trade Commission (FTC) has started an investigation of Amazon.com’s $1.7 billion acquisition of robot vacuum maker iRobot to see whether the transaction violates antitrust laws.

Related: Amazon acquires iRobot for $1.7 billion

The source claimed that the iRobot review by the American anti-trust agency would cover a wide range of topics, including head-to-head competition and whether the agreement would improperly increase Amazon‘s market share in the connected device sector and the retail industry at large.

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With more speakers exhibiting its Alexa voice assistant and with Ring’s home security doorbells and cameras, which it purchased in 2018, the e-commerce company has steadily increased the range of products it offers.

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