Amazon's attempt to buy iRobot, a floor sweeping robot, for $1.7 billion has been investigated by the European Commission

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, July 10 (Xinhua) Amazon gradually showed a strong interest in floor-sweeping robot company iRobot last year and proposed to buy iRobot for $61 per share at the beginning of this year, with a total price of about $1.7 billion (currently about 12.291 billion yuan). The acquisition decision is currently under investigation by the European Commission.

▲ Touyuan Amazon, according to analyst firm Statista, the floor-sweeping robot company iRobot was far ahead of its competitors, with a global market share of 46% in 2020, compared with 17% for the second-largest Kovos robot. But iRobot's current business situation is not optimistic. Last year, the company's revenue was $1.183 billion (CTOnews.com: about 8.542 billion yuan), down 24.4% from 2021, while Kobobot's revenue last year was 15.3 billion yuan, up 17% from the previous year.

The European Commission announced a few days ago that it will conduct an in-depth investigation into Amazon's acquisition of iRobot, a maker of floor-sweeping robots, under the EU merger regulations (EU Merger Regulation), the European Commission announced a few days ago.

▲ Touyuan European Commission website for Amazon's acquisition of iRobot, the European Commission's preliminary investigation believes that the deal is conducive to market competition in its floor-sweeping robot industry, so it generally agrees with the acquisition, but the final conclusion needs to be announced on November 15 this year, when the European Commission will finally make a decision to release or block the deal.