EU Launches Antitrust Investigation Into Amazon's Acquisition of iRobot

EU antitrust regulators are investigating Amazon's proposed $1.7 billion acquisition of iRobot.
Regulators are concerned the deal could reduce competition in the robot vacuum cleaner market and strengthen Amazon's position as an online retailer.
The European Commission will conduct an in-depth review of the deal to determine if it should be approved or blocked.
The investigation comes as regulators worldwide scrutinize major tech companies' acquisitions to curb anticompetitive behavior.
The deal has already been cleared in the UK but is still under review in the US.