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Amazon’s proposed acquisition of iRobot has drawn the eye of the U.S. Federal Trade Commission (FTC), which has reportedly requested the 2 corporations for extra details about the deal.
iRobot mentioned in a Tuesday (Sept. 20) filing with the Securities and Exchange Commission (SEC) that the FTC had requested extra particulars Monday (Sept. 19).
About 20 organizations have urged regulators to halt the deal, saying they’re involved about privacy and about Amazon boosting its energy available in the market for good house gadgets, Reuters reported Tuesday.
Read extra: FTC Begins Review of $1.7B Amazon-iRobot Deal
In its SEC submitting, iRobot mentioned it and Amazon filed notification and report types below the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with the FTC and the Antitrust Division of the U.S. Department of Justice Aug. 19. The corporations obtained a request for added data and supplies — a step within the regulatory evaluation course of known as a “Second Request” — from the FTC Monday.
“Both parties expect to promptly respond to the Second Request and to continue to work cooperatively with the FTC in its review of the merger,” iRobot mentioned within the submitting. “Completion of the merger remains subject to the expiration or termination of the waiting period under the HSR Act and the satisfaction or waiver of the other closing conditions specified in the merger agreement.”
An iRobot spokesperson mentioned the corporate had no remark past the knowledge in its SEC submitting.
An Amazon spokesperson declined to touch upon the report.
PYMNTS has reached out to the FTC for remark.
Amazon introduced its plans to accumulate iRobot Aug. 5, noting that the completion of the transaction is topic to customary closing circumstances.
Read extra: Amazon to Acquire iRobot, Maker of Roomba Robot Vaccum
It mentioned it goals to purchase the maker of the Roomba robotic vacuum cleaner in an all-cash transaction valued at $1.7 billion.
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