Amazon's Acquisition of iRobot Cleared By UK Regulator, Still Faces Scrutiny Elsewhere
- British antitrust regulators approved Amazon's $1.7 billion purchase of iRobot, maker of Roomba vacuums.
- The deal still requires approval from US and EU regulators, who are reviewing the deal.
- The UK regulator found the deal would not substantially reduce competition in the country.
- Consumer groups have voiced concerns over Amazon's increasing control of the smart home market.
- iRobot's stock price jumped nearly 20% on news of the UK approval.