So the FTC blocked Amazon's acquisition of iRobot in January 2024 and now China gains control of the assests for a bargain? Another stupid application of antitrust.
So the FTC blocked Amazon's acquisition of iRobot in January 2024 and now China gains control of the assests for a bargain? Another stupid application of antitrust.
From Bloomberg:
> Earnings began to decline since 2021 due to supply chain headwinds and increased competition.
I know that there's a slight difference between Chinese-state owned enterprises and Amazon, but isn't a sale to either one worrying?
In what sense is a sale to Amazon “worrying” compared to bankruptcy?
Years of layoffs after swearing to not so layoffs that shells out the assets and then leaves a carcass in 2025 instead of a corpse.
China might at least make some products out of this purchase. Most of these US companies would just sit on it.
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At least with China we don’t need anti-semitic conspiracy theories to know they’ll be doing something evil!
come on, you can't compare CCP to Cabal. It's not on same level
I believe it was the EU rather than the FTC which killed the deal.
I would assume the US market was a bigger concern, but hard to know for sure: https://www.ftc.gov/news-events/news/press-releases/2024/01/...
IRobot says it was the EU:
https://media.irobot.com/2024-01-29-Amazon-and-iRobot-agree-...
Wrong link? I don't see how that applies to the EU more than the US.
Read the italicized paragraph at the very beginning of the article.
Doh! Thank you.