UK approves Amazon buy of robotic vacuum maker iRobot ...Middle East

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UK approves Amazon buy of robotic vacuum maker iRobot
LONDON: Britain's Competition and Markets Authority regulator said Friday it has approved Amazon's $1.7-billion purchase of iRobot, the US maker of robotic vacuum Roomba.The CMA “has now concluded that the deal would not lead to competition concerns in the UK”, it announced in a statement.The transaction, announced in August 2022, aims to expand the US retail titan Amazon's artificial intelligence and smart home ambitions.Massachusetts-based iRobot builds robots and “intelligent home” innovations, having introduced the Roomba self-operating vacuums a decade ago.Amazon's deal to buy iRobot for $61 per share along with acquiring the company's debt was subject to approval of shareholders and re

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