Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
The Loadstar has launched a series of reports on the ecommerce sector, which has been driving growth ...
MARKETWATCH reports:
The Federal Trade Commission has requested additional information and documentary materials from Amazon.com Inc. and Roomba parent iRobot Corp. relating to their planned merger, according to a regulatory filing on Tuesday.
The companies expect to promptly respond to the request, which will extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after they have complied.
Amazon announced plans to acquire iRobot for $61 a share in cash in August, in a deal that values the company at about $1.7 billion, including debt. iRobot shares were down 1.4% premarket and have fallen 12% in the year to date, while the S&P 500 has fallen 18%.
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