E-commerce and cloud computing giant Amazon.com, Inc. (AMZN) recently got clearance from Britain's competition regulator to acquire Roomba vacuum cleaner maker iRobot Corporation (IRBT) for $1.7 billion. The Competition and Markets Authority (CMA) concluded that the deal would not lead to competition concerns in the United Kingdom.
However, EU antitrust regulators are also looking into it and will decide by July 6 whether to clear the deal. On top of it, the U.S. Federal Trade Commission is widely expected to file an antitrust lawsuit against AMZN. Moreover, Bernstein analysts published an open letter to AMZN CEO Andy Jessy and the board stating that the company has spent heavily in some areas without seeing results.
